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Tag: open interest

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200% SHIB Burn Rate and $25 Million Open Interest Surge Signal Investor Optimism

In Brief The Shiba Inu burn rate reached a new high, with 191.69% increase in 24 hours ending on Feb. 9, 2024, burning 7.65 billion SHIB. The SHIB token price is up by 3.30% in the past week and 0.9% in the past 24 hours, trading at $0.000009427 amidst recent burns. New registrations in the…
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Crypto Whales Buy $230 Million in Dogecoin (DOGE) as Open Interest Spikes 40% – Will Price React?

In short Dogecoin (DOGE) cost retested $0.09, denoting a 20% month to month gain, with bullish whales purchasing huge sums. Regardless of rising costs, Dogecoin is drawing in new cash, with its New Reception Rate arriving at a 4-month top. A 30% expansion in Open Interest demonstrates high-risk conduct among brokers, which could influence DOGE’s…
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Open Interest in XRP Perpetual Futures soars to $610 million

The XRP derivative market indicates strong positive sentiment, some expect the SEC lawsuit to conclude soon. Since March 24, the XRP Perpetual Futures Open Interest (PFOI) has increased significantly to approximately $610 million at its peak. Open interest alludes to the quantity of open prospects contracts merchants hold toward the finish of an exchanging day.…
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