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Shiba Inu's Futures Market Plunges 25%, Price Drops 7%

Guavy AI Editorial Team
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SHIB
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Shiba Inu's futures market saw a significant drop in open interest, falling by 25% within the last 24 hours.

This massive decline has caused Shiba Inu's price to plummet, dropping by over 7% and trading around $0.0000050 as of July 27.

The sudden reversal comes after a parabolic price move that saw SHIB trade around $0.0000057, regaining momentum following a sharp decline.

According to Coinglass data, Shiba Inu's open interest volume fell from 13.47 trillion SHIB to 10.13 trillion SHIB, indicating a shift in trader sentiment.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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