$SHIB's Dramatic Price Flip: Futures Market Down 25%

Shiba Inu's price surge has come to an abrupt end after a dramatic U-turn that pulled its futures market down by 25% in just one day.

The sudden decline comes on the heels of a parabolic price move that saw Shiba Inu (SHIB) trade around $0.0000057, with some analysts attributing the rapid slowdown to traders closing positions or being forced out as the market reversed.

According to data from Coinglass, Shiba Inu's open interest fell by 25% within the last 24 hours, dropping its volume back down to 10.13 trillion $SHIB.