Shiba Inu Open Interest and Trading Volume Hit 2025 Lows
The Shiba Inu is experiencing significant market movements following the October 10 liquidation.
Key Metrics Indicating Potential Bottom
- Open interest for Shiba Inu has dropped below $80 million, a level last seen in January 2025. Historically, this marked the bottom before a price surge.
- Previously, low open interest led to an 800% increase, reaching a high of $542 million.
Trading Volume Insights
- Daily trading volume averages below $200 million, similar to previous lows that preceded price rallies.
- In May and July 2025, low volumes were followed by 40% price increases.
These trends suggest Shiba Inu might be poised for another price uptick if historical patterns repeat.
