Gate News message, April 22 — Shiba Inu’s open interest jumped 13.45% in 24 hours, reaching $69.79 million and reflecting 11 trillion SHIB in trader positions. This growth outpaced Bitcoin, whose open interest rose 5% to $59.6 billion, and XRP, which saw a 1.28% increase to $2.64 billion. SHIB price gained nearly 3% over the same period, trading at $0.000006231 and marking a third consecutive daily advance.
Futures inflows reached $8.31 million against outflows of $8.02 million, generating net positive flow of $284,980 and establishing new positions worth 46 billion SHIB. Trading volume surged 14.5% to $101.1 million, with futures volume jumping 98% to $208 million and spot volume climbing 94% to $19.37 million. Spot taker buy volume stood at 51.68%, indicating mild bullish bias, though futures data revealed stronger bearish positioning with taker sell volume at 69% versus 30.9% for buys.
On the technical front, SHIB established support at the 50-day simple moving average of $0.00000589, which it broke through on April 15 and successfully retested. The relative strength index sits at 55, while the MACD indicator turned positive with the MACD line crossing above the signal line. Current projections suggest SHIB could rally beyond 100% to reclaim the $0.000010 psychological level, following a confirmed channel breakout on the daily chart.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu Outflows Hit 86B as Exchange Supply Tightens
Key Insights
Shiba Inu recorded over 86 billion tokens flowing out in 24 hours, reducing exchange supply and signaling lower immediate selling pressure across trading platforms.
Declining exchange reserves and negative net flows indicate ongoing asset withdrawals, tightening liquidity
CryptoNewsLand7h ago
Shiba Inu Outflows Hit 86B as Exchange Supply Tightens
Shiba Inu shows net exchange outflows, shrinking liquidity and easing near-term selling, amid price consolidation and active but limited retail repositioning.
An on-chain view of Shiba Inu shows a large 86 billion token outflow from centralized exchanges and persistent negative net flows, reducing near-term selling pressure. Price action is in a tight consolidation above support as exchange reserves shrink and withdrawals rise, creating supply-tight conditions. Activity indicates active repositioning with limited retail participation, implying a market rotation rather than a structural shift. The setup could yield stronger price moves if demand returns.
CryptoNewsLand7h ago
Shiba Inu Price Compression Signals Imminent Breakout Phase
Key Insights:
Shiba Inu trades near $0.0000060 as tightening volatility and reduced momentum signal an approaching breakout phase after months of sustained decline.
Open interest declines to $68 million, while persistent spot outflows highlight cautious sentiment and limited conviction
CryptoNewsLand8h ago
Shiba Inu Burn Rate Jumps 405% as Supply Tightens
Key Insights
Shiba Inu burn rate surged by 405% in 24 hours as over 2.5 million tokens were permanently removed from circulation, tightening supply dynamics significantly.
Rising network activity and improving market sentiment supported Shiba Inu’s performance, helping the token maintain
CryptoFrontNews17h ago
Shiba Inu Outflows Hit 86B as Exchange Supply Tightens
Shiba Inu shows net exchange outflows, shrinking liquidity and easing near-term selling, amid price consolidation and active but limited retail repositioning.
An on-chain view of Shiba Inu shows a large 86 billion token outflow from centralized exchanges and persistent negative net flows, reducing near-term selling pressure. Price action is in a tight consolidation above support as exchange reserves shrink and withdrawals rise, creating supply-tight conditions. Activity indicates active repositioning with limited retail participation, implying a market rotation rather than a structural shift. The setup could yield stronger price moves if demand returns.
CryptoNewsLand04-25 17:31
