21 million dollars in the SHIB futures market: the level that decides

The futures market for Shiba Inu is as thin as that of almost any other well-known token. The record shows this: at midday Thursday, the four exchanges OKX, Bitget, Gate.io and KuCoin held 4.34 trillion SHIB in open futures contracts, worth 21.1 million dollars. That equals 0.74 percent of a market value of 2.87 billion dollars. Our reading follows below: where leverage is absent, any recovery has to come from real buying on the spot market, which is why the levels there currently matter more than any price target. SHIB trades at $0.00000488 at midday Thursday, 2.3 percent below Wednesday.