🤖AI Summary
Shiba Inu's derivatives market shows bearish momentum as futures traders withdraw positions, causing open interest to decline by over 6%. The price continues to struggle with recovery as the negative sentiment extends beyond spot markets into derivatives trading.
Key Takeaways
- →Shiba Inu open interest declined by over 6% as futures traders withdraw positions
- →The bearish outlook has extended from spot markets to derivatives markets
- →Futures traders are reducing their exposure to SHIB amid continued price weakness
- →The declining open interest suggests reduced trader confidence in near-term price recovery
Read Original →via U.Today
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