Shiba Inu’s Open Interest Dives! Market Meltdown or Mere Mischief?

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Madame Shiba Inu, once the toast of the crypto court, now finds her open interest tumbling like a marionette with tangled strings, all while the dollar dances a waltz of dominance. A fresh sell-off, Thursday’s pièce de résistance, left investors clutching their wallets as if they’d been jilted by Cupid himself.

The crypto realm, that fickle lover, swooned with Asian and U.S. equities but forgot its own name. The Fed’s latest missive-oh, how they adore the status quo-left markets gasping, “Mais que nous veulent-ils?”

At this very hour, SHIB, that once-proud hound, slinks 3.83% lower, now trading at $0.00000615, while open interest dwindles like a candle in a hurricane.

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According to CoinGlass, SHIB’s open interest has plunged 6% in 24 hours to $69.41 million-a veritable hiss in the market’s operatic decline. The 90-day SMA, that sly barometer of bets, has languished in negative territory since October 2025, as if time itself conspired against it.

Since October’s great crypto purge, which vaporized $20 billion in leveraged dreams, SHIB and its ilk have languished at multimonth lows, their glory days reduced to whispered legends.

Open interest? It flees like a jester from a royal feud. Speculative premiums and derivatives liquidity? Gone, like confetti after a revolution. Leverage? Still napping in the corner.

Market Faces Fresh Sell-Off: A Tragic Farce

Thursday’s liquidations, a grand total of $214 million, left traders clutching their pearls. The Crypto Fear and Greed Index? A meager 11, as if the market had forgotten how to breathe.

All eyes turn to the Fed’s FOMC minutes, a love letter to the status quo, with central bankers bickering over inflation and labor like squabbling neighbors at a village fair. Will they raise rates again? Who knows? Perhaps the moon will grow a second face before clarity arrives.

Investors now await weekly jobless claims and pending home sales, as if these numbers hold the secrets of the universe. And Friday’s PCE index? The Fed’s favorite riddle, wrapped in a mystery, buried under a mountain of data.

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2026-02-19 19:31