Shiba Inu Price Stagnates Amid Declining Futures Open Interest

Shiba Inu Price Stagnates Amid Declining Futures Open Interest

Shiba Inu (SHIB) has seen its recent rally stall, with its price retreating from the August 9 high of $0.000014 to $0.000032. This pullback coincided with Bitcoin’s (BTC) drop from an intraday high of $62,000 to below $60,000, highlighting a broader market correction. An analysis of Shiba Inu’s trading volume reveals a subdued demand in recent days. In the spot market, the cryptocurrency recorded a 24-hour trading volume of $321 million—a mod...

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