Shiba Inu (SHIB) managed to break its long-term losses with its recent price increase. In addition, the meme coin has seen a significant increase in derivative investments. Open interest in SHIB has increased by over 25% in the last 24 hours.
According to statistics from Coinglass, SHIB open interest increased by 25.23% to $18.22 million on Saturday, January 20. Additionally, total derivatives volume increased by 36.34% to $56.83 million.
Although long and short positions worth $245,410 were liquidated in the last 24 hours, no large-scale liquidation took place.
Additionally, open interest data is noteworthy that OKX crypto exchange has the highest share of SHIB open interest. OKX has $7.29 million in Shiba inu open interest, representing a 10.60% increase on a platform basis today. On the other hand, open interest in Huobi increased by 83% in a short time and attracted attention.
After almost a month of declines, the Shiba Inu has finally managed to make a comeback. Meme coin is up 1.79% to $0.000009408 at the time of writing on Saturday. SHIB market value increased by 1.72% to 5.54 billion dollars. The 24-hour trading volume increased by 9.74% to $157.39 million.