Hold onto your keyboards, folks! The Shiba Inu derivatives market is back from the dead-like that one friend who swears they’re “just taking a quick break,” but really, they’re just binge-watching crypto charts. Open interest is climbing faster than your stomach after a Netflix binge-up to 15% on November 8. Traders are definitely throwing their digital dollars on the table, betting that SHIB will do a little dance above the sacred $0.000010 line. Spoiler alert: It’s breaking the “psychological” barrier, which in crypto-speak is basically the financial version of a teenager finally getting their driver’s license. 🎉
More Bets, Less Bets, What’s the Deal?
CoinGlass is telling us that traders are leaning more bullish-like, really bullish-at a 0.9 long/short ratio. Basically, people are placing their virtual money where their mouth is, expecting SHIB to go up, up, and away. After last week’s crypto chaos-Bitcoin’s tantrum below $100K-SHIB decided to do a little rebound dance, rallying over 8%. Apparently, everyone’s banking on a Shiba Inu ETF and some political drama (hello, U.S. government shutdown) to make the coin go supernova.
From a techy perspective, crypto analyst SHIB Knight says Shiba is basically huddling and getting ready to blast off-like a rocket on a cheap launchpad. But, the whale-sized investors? Still chilling on the sidelines, not throwing more coins into the mix. They’re probably waiting for PDAs (pretty decent opportunities) or just realizing NFTs are more exciting than meme coins.
SHIB Could Skyrocket to $0.00003 – If It Plays Its Cards Right 🎯
Crypto prophet Javon Marks reckons SHIB might be gearing up for a 200% surge-like that feeling when your ex finally texts back, but in the form of crazy gains. The key here? The coin’s been making “bull divergences” (say that three times fast), and a breakout could send it rocketing to $0.000032, which is basically the next level of “Oh, wow.”
The burn rate of Shiba Inu? Also on steroids-up by almost 146,000%, burning hundreds of millions of tokens in a single day. Think of it like vampire hunters, but for coins: the more they burn, the less supply left to buy, which might pump the price. As of now, SHIB is hanging out at around $0.00001005-like “just dipping its toes in the water,” except the water is a bath of pure adrenaline.
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2025-11-11 17:17