$ 210 million Shib Futures open interest: What happens?

One of the most popular MEME currencies, Shiba Inu (SHIB), returned to the spotlight after a significant rise in derivative activity.
Delay Data From Coinglass indicates that the open benefits of SHIB increased to $ 220 million, its highest level in the last 30 days.
Open benefit is the total value of all futures contracts open to the original. Usually, open interest signals from the investor confidence in the short -term price direction.
Coinglass has a gradual increase in SHIB’s open interest from late April to May, including a large outbreak of the past 48 hours. This increase coincides with a modest gathering in
It also indicates that speculators expect a big step in prices and open a crane sites to benefit from the potential swing.
Through its Meme and a history of sharp changes in prices, SHIBANU has long been considered one of the high -risk assets.
The majority
Meanwhile, the latest data on the series of InTotheblock He appears That more than half of the distinguished code holders are currently in Breakeven. This data also provides an insight into the total profitability of SHIB holders.
According to data, only 18.49 % of SHIB addresses, which include 182.19 trillion gray, are currently “in money” (or in profit), which means that the current price is higher than the average purchase price.
However, 27.93 % of the SHIB addresses, which include 275.19 trillion, codes, in confusion, or “of money”.