Shiba Inu has experienced a notable increase in derivatives market activity over the past day. SHIB open interest has climbed nearly 8%, signaling renewed trader engagement as the year draws to a close. Data from CoinGlass shows open interest reached $75.76 million within 24 hours. This figure represents over 10 trillion SHIB tokens in unsettled positions. The surge marks a reversal from recent declining trends in the metric. Open interest measures the total number of outstanding derivative contracts that remain active. An increase typically indicates fresh capital entering the market. Traders are opening new positions rather than closing existing ones. Year-End Positioning Drives Market Activity Research firm 10x Research recently highlighted the current state of crypto markets. Holiday trading typically brings reduced liquidity across digital assets. However, the firm's analysis reveals deeper implications beyond seasonal patterns. Futures markets, exchange-traded fund flows, and options activity are all pointing in the same direction. Traders are actively managing risk as the year concludes. This coordinated behavior reflects a cautious approach to market exposure. The derivatives market provides insights into investor sentiment. Rising open interest combined with price stability can indicate building momentum. Traders are laying groundwork for potential moves in the coming weeks. Price Action Remains Contained Within Narrow Range Shiba Inu's price showed modest gains over the 24 hours. The token traded at $0.000007344, representing a 1.83% increase. Despite this short-term uptick, weekly performance remains negative. SHIB price chart, Source: CoinMarketCap The cryptocurrency has declined 7.05% over the past seven days. This weakness reflects broader market conditions affecting many digital assets. Price volatility has been subdued compared to previous periods.
