Shiba Inu Rally Fails to Ease Leverage Strain as Futures Open Interest Tops $62 Million

The Shiba Inu price has rebounded by 4.74% in 24 hours to $0.000005113, but the rally has not alleviated the strain on leveraged positions.

The futures open interest for Shiba Inu is now over $62 million, with a 24-hour trading volume of $54.42 million.

This suggests that traders are maintaining significant exposure to leveraged positions rather than quickly rotating their positions, indicating pressure from bullish bets built up earlier in the week.

The price has not yet recovered its weekly high of $0.0000054, and long liquidations have accounted for about $162,740 over the past 24 hours, while short liquidations were $19,910.