🔥 SHIBA INU ($SHIB ) — Is It Really Over?
Shiba Inu ($SHIB ) is under pressure as Open Interest drops 11%, showing traders are closing leveraged positions instead of adding new ones.
📉 SHIB price also fell to around $0.00000617, a level not seen in a long time.
Key reasons behind the drop:
🧾 Futures Open Interest down to ~$75.7M
🐋 Whales selling billions of SHIB tokens
💣 Massive liquidations across the crypto market
🌍 Overall risk-off sentiment, not SHIB-only
Because of this, panic posts like “SHIB is over” are trending. But falling sentiment ≠ dead project.
Some indicators show SHIB is oversold, and recoveries often start when fear peaks.
⚠️ This looks more like market fear & deleveraging, not the end of $SHIB .
SHIB
0.0₅668
-2.48%