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SHIB derivation market heats up: Open interest surged by 8%, trader sentiment stabilizes.
[Coin World] The derivatives market for SHIB has recently seen a noticeable rise in activity. The open interest has significantly increased, climbing to around 75.76 million USD, with a rise of nearly 8%. From another perspective, this means that over 10 trillion SHIB Tokens are in an unsettled trading status.
Why does this situation occur? It's actually not difficult to understand - at present, it is the end of the year, and the market is generally making adjustments for risk management. Against this backdrop, traders' enthusiasm for participation has instead warmed up, and many people have started to test positions in the derivation market.
Let's take a look at the real-time performance of SHIB: it has risen by 1.83% in the past 24 hours, with the current price around $0.000007344. It may not seem like a significant rise, but looking back over the week, the situation is a bit more complex—the weekly decline has reached 7.05%, indicating that the fluctuations in the short term are quite severe. The rebound in contract volume somewhat reflects the traders' willingness to buy at this price point has increased.