Shiba Inu Traders Hold onto $62M in Open Futures Positions Amid Market Volatility

Shiba Inu traders are holding onto nearly $62 million in open futures positions, despite the overall derivatives market remaining relatively subdued. According to CoinGlass data, Shiba Inu's open interest stood at $62.25 million, with a 24-hour futures volume of $54.42 million.

This has led to an imbalance where open interest exceeds daily futures turnover, indicating that traders are maintaining significant leveraged exposure rather than actively rotating positions through the market.

Futures trading dominates SHIB's spot activity, with approximately $54.25 million in 24-hour futures volume compared to roughly $19.99 million in spot volume, a ratio of about 2.7:1.