On Wednesday, Shiba Inu’s (SHIB) Derivative stats on CoinGlass presented a long-awaited anomaly, usually treated as a sign of a local bottom. Shiba Inu’s 1000 times multiplied smart contract, shortened as the 1000SHIB, saw a stupendous 38.32% increase in volume.
SHIB’s Back In Futures Limelight, Spot Market Stalls
While at it, Shiba Inu’s Open Interest also rocketed by 7.90% to $32.64 million, hinting that speculative market traders are more keen on betting on Shiba Inu’s (SHIB) price. With the popular meme coin getting ahead in this market rebound, the main question is – how high?
The speculative frenzy intrigued market watchers to see if the crowd sentiment has actually turned bullish & whether big-time SHIB investors, otherwise known as crypto whales, are really returning. At $0.0000625, SHIB’s Spot market volume is still relatively calm at $109 million today, according to CoinGecko.
Shiba Inu’s Long Versus Short Ratio Still Favors Bears
With the 38% growth, SHIB has outscored XRP’s 3.2% trading volume spike, but that’s only one side of the story. Judging from the real-time CoinGlass data, the leveraged market sentiment is still rather mixed: while Binance’s users seem to be extra bullish on SHIB, the overall short versus long ratio is slightly on the bearish side.
At 0.98, this ultimately means that more Perpetual market participants are throwing leverage on short-selling Shiba Inu (SHIB) price plays than longs. Conversely, the previous day had seen way more short-seller liquidations than longs: downward price plays on SHIB accounted for $49K of daily liquidations, while longs incurred a loss of $14.88K.
Notably, the $0.00000600 support level is crucial for Shiba Inu’s (SHIB) rebound, as the excessively-leveraged plays on Futures & weak hands on Spot markets are in a favorable position to be flushed out, thus stabilizing the market value.
If that’s matched with substantial buying power from whales & retail, a bounce back is supposed to follow. However, the whale sentiment isn’t there yet – despite narrow time-frames flipping positive, the 1-week technical charts still showcase largest crypto players distributing their positions, as the Chaikin Money Flow (CMF) is deeply negative below -0.30.
Right now, Shiba Inu’s (SHIB) traders are peeling their eyes on the $0.00000900 resistance level, last seen on December 29, 2025. A clean restoration of that resistance bubble would affirm the flush-out, but a lot will depend on Shiba Inu’s community activity – including regular Shiba Inu burning campaigns & Shibarium L2’s scalability.
Stay in the loop with DailyCoin’s popular crypto scoops:
Mastercard Joins BSSC: Why Is It Helping Shape Blockchain Security Standards?
ZachXBT Questions MemeCore’s $6B Rank & Insider-Heavy Supply
People Also Ask:
While the overall crypto market is rebounding, Shiba Inu is showing much stronger momentum than XRP in the futures market. SHIB’s daily futures trading volume jumped 38%, compared to XRP’s modest 3.2% increase.
Higher trading volume usually means more interest and solidifying liquidity. SHIB traders are much more active right now, which often signals growing excitement around the token.
Shiba Inu’s futures Open Interest rose 7.9% today, reaching $32.64 million according to CoinGlass. Rising OI along with rising volume is generally bullish because it shows fresh money is entering the market, not just people trading back and forth.
SHIB is currently seeing stronger speculative interest and momentum trading. XRP, on the other hand, is moving more slowly even as the broader market recovers.
Watch if SHIB can maintain this high volume and rising OI. If both continue climbing with price, it could lead to a stronger short-term rally. For XRP, a big volume increase would be needed to match SHIB’s current energy.
