Shiba Inu Open Interest Crash To 2024 Levels, Is It Game Over For The Meme Coin?

The Shiba Inu open interest has been one of the worst-performing among the top cryptocurrencies by market cap in the year ￰0￱ there has been a general increase in open interest across the likes of Bitcoin and Ethereum, pulling the market up with them, Shiba Inu has not followed this trajectory. Instead, the meme coin’s open interest has crashed significantly, making new 2025 lows in the ￰1￱ Inu Open Interest Crashes Below $100 Million At the start of the year, on January 16, 2025, the Shiba Inu open interest had hit a new all-time high above $519 million despite the SHIB price action remaining relatively ￰2￱ wasn’t long until the open interest began to decline, and it has been mostly downhill from there ￰3￱ Reading: Dogecoin Price Resurrection To $0.5 Could Be Imminent If This Level Breaks By the start of February 2025, the Shiba Inu open interest had crashed by more than 50%, recording one of the sharpest declines in the market.

However, the open interest had managed to stay above the 2024 lows as the SHIB price fluctuations kept traders interested. Now, however, the majority of the open interest that was seen in Shiba Inu at the start of the year is almost completely ￰4￱ from the Coinglass website shows that the open interest has now fallen below $100 million for the first time in 2025, marking a new yearly ￰5￱ current average of around $89 million translates to an over 80% decline in the last 9 months, painting a similar picture to the alt coin’s price, which is down 88% from its 2021 all-time ￰6￱ this decline continues, it continues to impact the price, affecting its ability to stage a meaningful ￰7￱ Could Be At A Pivotal Point As mentioned above, the last time that the Shiba Inu open interest was this low was back in 2024, but the interesting thing is that periods of low interest have often preceded some of the biggest ￰8￱ in August 2024, the Shiba Inu open interest had fallen to its lowest levels since 2023, but the next three months would see a rapid increase in both interest and ￰9￱ Reading: Evernorth Has Reached 95% Of Its XRP Treasury Target – Here Are The Numbers Times of low interest, such as these, have often been breeding grounds for accumulation ahead of the next move.

Thus, the Shiba Inu open interest dropping to yearly lows could be setting the stage for another price ￰10￱ image from, chart from ￰11￱