Shiba Inu dominates derivatives markets with 1.84% open interest surge while Bitcoin and XRP face declines. MEXC leads exchange gains at 37.69% as SHIB price climbs 3.21% to $0.000007239, outperforming major cryptocurrencies.
Shiba Inu has emerged from weeks of bearish pressure with a surprising surge in futures market activity. While major cryptocurrencies like Bitcoin and XRP experience declining open interest, the meme token has flipped both assets in daily growth metrics.
The shift marks a significant change in trader sentiment. Over the past 24 hours, SHIB open interest climbed 1.84%, with approximately 10.97 trillion tokens worth $81.18 million locked in active futures contracts.
Exchanges Signal Growing Confidence in SHIB Rally
According to TheCryptoBasic on X, several exchanges recorded positive growth in Shiba Inu's open interest over the past 24 hours. MEXC led the gains with a 37.69% increase, followed by Coinbase at 20.04%, LBank at 15.04%, Kraken at 12.86%, HTX at 10.52%, and Bitget at 10.16%.
Not all platforms shared the upward momentum. KuCoin saw the steepest decline at 44.53%, while Bitunix dropped 11.79%. The mixed performance across exchanges suggests selective positioning by traders based on platform-specific factors.
Trader positioning reveals optimism for potential upside. The long-to-short ratio stands at 1.0555, with 51.35% of positions betting on price increases compared to 48.65% short positions.
Bitcoin and XRP Show Opposite Momentum
As TheCryptoBasic reported on X, the renewed momentum becomes even clearer when compared with the open interest of the top cryptocurrencies, especially Bitcoin and XRP. While Bitcoin's open interest fell by 1.14% over the same period, XRP recorded a steeper decline of 2.3%.
The contrast between SHIB and major assets highlights shifting market dynamics. Bitcoin and XRP, typically seen as more established cryptocurrencies, faced reduced speculative interest during the same 24-hour window.
The surge in Shiba Inu's open interest signals growing speculative activity around the token. This renewed engagement has translated directly into price performance.
Price Action Reflects Derivatives Strength
According to TheCryptoBasic on X, data from CoinMarketCap shows that Shiba Inu gained 3.21% over the past 24 hours, climbing to $0.000007239. Notably, it also outperformed Bitcoin and XRP during the same period, as the two major assets posted more modest gains of 0.92% and 1.18%, respectively.
At $0.000007239, SHIB has recovered 3.53% from its December 19 low of $0.000006992. Despite the recent gains, the token remains 27.6% below the psychological $0.00001 threshold.
The last time Shiba Inu traded near $0.000010 was November 11. Following that brief peak, intense selling pressure drove prices lower alongside broader market weakness.
Several factors now support potential upside. The proposed CLARITY Act could provide regulatory clarity for crypto assets. Shibarium's implementation of Fully Homomorphic Encryption technology adds technical development momentum. Growing speculation around a potential standalone ETF for SHIB further fuels investor interest.
The derivatives market strength combined with multiple bullish catalysts positions Shiba Inu for potential continued momentum heading into 2026.
Key Takeaways:
- SHIB open interest jumped 1.84% while Bitcoin fell 1.14% and XRP declined 2.3% in the same period
- MEXC exchange led gains with 37.69% increase in SHIB open interest, followed by Coinbase at 20.04%
- SHIB price climbed 3.21% to $0.000007239, outperforming Bitcoin's 0.92% and XRP's 1.18% gains
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SHIB Flips Bitcoin XRP Open Interest Surge
Shiba Inu open interest surges 1.84% while Bitcoin and XRP decline. MEXC leads with 37.69% growth as SHIB gains 3.21% in 24 hours.