Shiba Inu Futures Traders Turn Bearish as OI Falls 8%

Shiba Inu futures open interest dropped over 8% in 24 hours to 10.59 trillion SHIB, indicating bearish sentiment among derivatives traders. The decline in open interest suggests traders are closing positions and reducing exposure to SHIB.

• →SHIB futures open interest fell 8% to 10.59 trillion tokens in 24 hours.
• →The decline indicates bearish sentiment among futures traders.
• →Reduced open interest suggests traders are closing positions and limiting exposure.
• →Market sentiment appears to be turning negative for Shiba Inu.