{"id":598504,"date":"2024-03-18T16:00:17","date_gmt":"2024-03-18T16:00:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=598504"},"modified":"2024-06-11T07:58:01","modified_gmt":"2024-06-11T07:58:01","slug":"shiba-inu-open-interest-40-crash","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/","title":{"rendered":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?"},"content":{"rendered":"<p class=\"p2\">The Shiba Inu open interest has hit a snag after a particularly good run. The open interest had <a href=\"https:\/\/uniquehot.com\/news\/forget-dogecoin-shiba-inu-set-to-become-the-top-dog-expert-predicts-100-billion-market-cap\/\">risen quickly alongside the price<\/a> of the meme coin, which climbed close to its previous all-time high earlier in March. However, the cryptocurrency has been unable to maintain this uptrend, leading to a significant drop in the open interest.<\/p>\n<h2 class=\"p2\">Shiba Inu Open Interest Sees Over 40% Decline<\/h2>\n<p class=\"p2\">According to <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\" rel=\"nofollow\">data<\/a> from Coinglass, the Shiba Inu open interest had hit a new two-year high on March 6 when its price crossed over the $0.000032 threshold. Since then, however, it has been on a decline, seeing a near-constant decline each day since.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-headed-for-150000\/\">Bernstein Analysts Convinced Bitcoin Is Headed For $150,000, Here\u2019s Why<\/a><\/div>\n<p class=\"p2\">By Monday, March 18, the Shiba Inu open interest had dropped from its $135 million all-time high to just $80 million. This decline translates to an over 40% decrease in the space of two weeks. At the same time, the <a href=\"https:\/\/uniquehot.com\/shiba-inu\/crypto-analyst-shiba-inu-target\/\">price of the meme coin<\/a> has followed the same trend and has dropped from its yearly highs above $0.00004 to $0.000028 at the time of writing.<\/p>\n<p class=\"p2\">Now, the open interest for any cryptocurrency is important because it serves as a measure of the total interest in that asset at any given time. It basically shows the total number of all futures and\/or options contracts for a particular asset. So in this case, it shows the amount of money invested in <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-whales-shib\/\">SHIB<\/a> derivative products at any time.<\/p>\n<p class=\"p2\">Given this, an increase in the open interest can be bullish for a cryptocurrency such as Shiba Inu, while a decrease can be bearish. This is because, the lower the open interest, the less money is being put into that particular asset, thereby decreasing the demand. So this could negatively affect the price.<\/p>\n<h2 class=\"p2\">Will SHIB Price Continue To Decline?<\/h2>\n<p class=\"p2\">As seen historically, a decline in open interest has often coincided with a decline in price. As such, the present decline being experienced by Shiba Inu could spell bad news for its price going forward. The effect is already being felt with the price of SHIB dropping significantly over the weekend, although it has started to recover as the new week opens up.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/altcoin\/god-candle-solana-meme-coin\/\">Crypto Pundit Says God Candle Is Imminent For This Solana-Based Meme Coin<\/a><\/div>\n<p class=\"p2\">To get an idea of where the price might be headed next, we can take a look at the last time that the Shiba Inu open interest was this high, back in 2021. The open interest had reached its current all-time high in October 2021, but after peaking, both the open interest and the <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-whales-shib\/\">SHIB price<\/a> would suffer tremendously.<\/p>\n<p class=\"p2\">Over the course of the next few months, the <a href=\"https:\/\/uniquehot.com\/news\/forget-dogecoin-shiba-inu-set-to-become-the-top-dog-expert-predicts-100-billion-market-cap\/\">SHIB price<\/a> would fall more than 50%, following the same trend as the open interest. If this trend were to continue this time around, then the <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-whales-shib\/\">SHIB price<\/a> may be headed for a price crash.<\/p>\n<p class=\"p2\">However, 2021 marked the end of the bull market, while the current bull cycle is only in the beginning stages. In this case, there is more demand, which would mean there is more of a cushion to mitigate a price crash.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/gyNzYe1R\/\" alt=\"Shiba Inu price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">SHIB price drops to $0.00002783 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SHIBUSDT on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Bitcoin News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Shiba Inu open interest has hit a snag after a particularly good run. The open interest had risen quickly alongside the price of the meme coin, which climbed close to its previous all-time high earlier in March. However, the cryptocurrency has been unable to maintain this uptrend, leading to a significant drop in the open interest. Shiba Inu Open Interest Sees Over 40% Decline According to data from Coinglass, the Shiba Inu open interest had hit a new two-year high on March 6 when its price crossed over the $0.000032 threshold. Since then, however, it has been on a decline, seeing a near-constant decline each day since. Related Reading: Bernstein Analysts Convinced Bitcoin Is Headed For $150,000, Here\u2019s Why By Monday, March 18, the Shiba Inu open interest had dropped from its $135 million all-time high to just $80 million. This decline translates to an over 40% decrease in the space of two weeks. At the same time, the price of the meme coin has followed the same trend and has dropped from its yearly highs above $0.00004 to $0.000028 at the time of writing. Now, the open interest for any cryptocurrency is important because it serves as a measure of the total interest in that asset at any given time. It basically shows the total number of all futures and\/or options contracts for a particular asset. So in this case, it shows the amount of money invested in SHIB derivative products at any time. Given this, an increase in the open interest can be bullish for a cryptocurrency such as Shiba Inu, while a decrease can be bearish. This is because, the lower the open interest, the less money is being put into that particular asset, thereby decreasing the demand. So this could negatively affect the price. Will SHIB Price Continue To Decline? As seen historically, a decline in open interest has often coincided with a decline in price. As such, the present decline being experienced by Shiba Inu could spell bad news for its price going forward. The effect is already being felt with the price of SHIB dropping significantly over the weekend, although it has started to recover as the new week opens up. Related Reading: Crypto Pundit Says God Candle Is Imminent For This Solana-Based Meme Coin To get an idea of where the price might be headed next, we can take a look at the last time that the Shiba Inu open interest was this high, back in 2021. The open interest had reached its current all-time high in October 2021, but after peaking, both the open interest and the SHIB price would suffer tremendously. Over the course of the next few months, the SHIB price would fall more than 50%, following the same trend as the open interest. If this trend were to continue this time around, then the SHIB price may be headed for a price crash. However, 2021 marked the end of the bull market, while the current bull cycle is only in the beginning stages. In this case, there is more demand, which would mean there is more of a cushion to mitigate a price crash. SHIB price drops to $0.00002783 | Source: SHIBUSDT on Tradingview.com Featured image from Bitcoin News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":598530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-598504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?<\/title>\n<meta name=\"description\" content=\"The Shiba Inu open interest has hit a snag after a particularly good run, suffering a 40% crash in the process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?\" \/>\n<meta property=\"og:description\" content=\"The Shiba Inu open interest has hit a snag after a particularly good run, suffering a 40% crash in the process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-18T16:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:58:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?\",\"datePublished\":\"2024-03-18T16:00:17+00:00\",\"dateModified\":\"2024-06-11T07:58:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168\",\"keywords\":[\"SHIB\",\"SHIB news\",\"SHIB price\",\"Shiba Inu\",\"Shiba Inu news\",\"Shiba Inu Price\",\"SHIBUSD\",\"SHIBUSDT\"],\"articleSection\":[\"Shiba Inu Coin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\",\"url\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\",\"name\":\"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168\",\"datePublished\":\"2024-03-18T16:00:17+00:00\",\"dateModified\":\"2024-06-11T07:58:01+00:00\",\"description\":\"The Shiba Inu open interest has hit a snag after a particularly good run, suffering a 40% crash in the process.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168\",\"width\":300,\"height\":168,\"caption\":\"Shiba Inu\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?","description":"The Shiba Inu open interest has hit a snag after a particularly good run, suffering a 40% crash in the process.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?","og_description":"The Shiba Inu open interest has hit a snag after a particularly good run, suffering a 40% crash in the process.","og_url":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-03-18T16:00:17+00:00","article_modified_time":"2024-06-11T07:58:01+00:00","og_image":[{"width":300,"height":168,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?","datePublished":"2024-03-18T16:00:17+00:00","dateModified":"2024-06-11T07:58:01+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/"},"wordCount":535,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168","keywords":["SHIB","SHIB news","SHIB price","Shiba Inu","Shiba Inu news","Shiba Inu Price","SHIBUSD","SHIBUSDT"],"articleSection":["Shiba Inu Coin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/","url":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/","name":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168","datePublished":"2024-03-18T16:00:17+00:00","dateModified":"2024-06-11T07:58:01+00:00","description":"The Shiba Inu open interest has hit a snag after a particularly good run, suffering a 40% crash in the process.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168","width":300,"height":168,"caption":"Shiba Inu"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-open-interest-40-crash\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shiba inu","shiba inu news","shiba inu price","shibusd","shibusdt"],"dateCreated":"2024-03-18T16:00:17Z","datePublished":"2024-03-18T16:00:17Z","dateModified":"2024-06-11T07:58:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-open-interest-40-crash\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-open-interest-40-crash\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Shiba-Inu-8.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Shiba-Inu-8.jpeg?fit=300%2C168\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-03-18T16:00:17Z\",\"datePublished\":\"2024-03-18T16:00:17Z\",\"dateModified\":\"2024-06-11T07:58:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-8.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/598504"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=598504"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/598504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/598530"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=598504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=598504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=598504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}