Shiba Inu Open Interest Tops $100M, Raises Red Flag For Bitcoin

Bitcoin Markets open interest SHIB Shiba Inu
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The pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are seen as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.

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