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 many worst-performing among the many prime cryptocurrencies by market cap within the yr 2025. While there was a normal improve in open curiosity throughout the likes of Bitcoin and Ethereum, pulling the market up with them, Shiba Inu has not adopted this trajectory. Instead, the meme coin’s open curiosity has crashed considerably, making new 2025 lows within the course of.
Shiba Inu Open Interest Crashes Below $100 Million
At the beginning of the yr, on January 16, 2025, the Shiba Inu open curiosity had hit a brand new all-time high above $519 million regardless of the SHIB worth motion remaining comparatively muted. It wasn’t lengthy till the open interest began to decline, and it has been largely downhill from there since.
By the beginning of February 2025, the Shiba Inu open curiosity had crashed by greater than 50%, recording one of many sharpest declines out there. However, the open curiosity had managed to remain above the 2024 lows because the SHIB price fluctuations stored merchants .
Now, nevertheless, the vast majority of the open curiosity that was seen in Shiba Inu initially of the yr is nearly fully gone. Data from the Coinglass web site shows that the open curiosity has now fallen beneath $100 million for the primary time in 2025, marking a brand new yearly low.
The present common of round $89 million interprets to an over 80% decline within the final 9 months, portray an analogous image to the alt coin’s worth, which is down 88% from its 2021 all-time highs. As this decline continues, it continues to impression the value, affecting its potential to stage a meaningful recovery.
SHIB Could Be At A Pivotal Point
As talked about above, the final time that the Shiba Inu open curiosity was this low was again in 2024, however the attention-grabbing factor is that intervals of low curiosity have typically preceded some of the biggest moves. Back in August 2024, the Shiba Inu open curiosity had fallen to its lowest ranges since 2023, however the subsequent three months would see a fast improve in each curiosity and worth.
Times of low curiosity, reminiscent of these, have typically been breeding grounds for accumulation forward of the following transfer. Thus, the Shiba Inu open curiosity dropping to yearly lows may very well be setting the stage for another price rally.