Shiba Inu’s open interest This devil has been coinciding with the Rent Crito Market Crash, as investors like to wait on the shore amid market conceptuality.
Shiba Inu’s open interest crashes to $ 190 million
Inclusive data Shows that Shiba Inu’s open interest is currently $ 190 million, below the record of $ 328 million on 22nd of the previous month. Since then, OI has declined daily, indicating a decline in interest Meme coin In traders. Open interest refers to the number of open positions at an asset at a particular time.
A laudable reason for the decline in the open interest of Shiba Inu Crypto market reformWhich occurs in the last two weeks. The resulting Shib has fallen from its local high $ 0.000016. Meanwhile, Meme coin is at 8% in the last seven days. No, Shiba Inu hit this local high on 21 July, which highlights the price performance and the relationship between this derivatives metrics.
One reason for this market reform Trump tariffWhich is ready to be effective from August 7. President threatened yesterday Currently 25%proposed to increase tariffs on India. It is a devil that can affect markets, including crypto property such as Shiba Inu. Tariffs have a directing effect on the global economy and negatively affects the flow of life in these assets if they lead to inflation.
In addition, the American economy Alradey looks in a delicate situation, thanks July job reportWhich came less than experts. A weak labor market can have several wave effects, including recession or stability, which is a recession for Shiba Inu and other colleagues.
Some positive for Shib
Close Shiba inu long/short ratio Currently there is 1.09, which indicates that most traders are still fast on meme coins. This can help promote a market recovery, widely as a comprehensive crypto market. Shib has shown a revival on 4 July with the prices of other crypto, as the total crypto market has increased by 2%.
Thank you for this reason, Shiba Inu Etymology Growed from 20% to $ 161 million. Meanwhile, Crypto analyst Jevan Marx has doubled again His prediction This most important meme coin can record 500% Rali to reach $ 0.000081. This will bring Shib to its current all-time high (Ath) of $ 0.00008845.
At the time of writing, Shiba Inu Price is trading at $ 0.00001233, in the last 24 hours, to Kasne Data From coinmarketcap.
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