Shiba

Bitcoin

Million

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-futures-hit-100-million-as-bitcoin-awaits-record-high" rel="noopener noreferrer nofollow">Shiba Inu Futures Hit $100 Million as Bitcoin Awaits Record High</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/revival-signs-for-near-coin-as-it-hits-highest-level-since-april" rel="noopener noreferrer nofollow">cryptocurrency</a> sphere is witnessing a surge in speculative interest as Shiba Inu (SHIB) futures open interest soars beyond $100 million. This marks a significant increase in the meme coin’s market value, which has seen a 130% rise in a week, sparking discussions about potential market corrections. Meanwhile, <a href="https://en.bitcoinhaber.net/bitcoins-price-dynamics-analyzing-the-impact-of-the-spot-etf-launch-and-market-movements" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-reaches-38300-level-for-the-first-time-since-may-2022" rel="noopener noreferrer nofollow">BTC</a>) faces a supply-demand ratio of 1:10, with forecasts suggesting a possible new high in the coming week.</p>
<h2 id="shiba-inu-futures-surge-signals-influx-of-investment">Shiba Inu Futures Surge Signals Influx of Investment</h2>
<p style="text-align: justify">Recent data from CoinGlass reveals that for the first time since August 2023, Shiba Inu futures have seen open interest hit $100 million, pointing to robust capital investment in the altcoin. This comes alongside a notable uptick in SHIB’s market valuation, hinting that investors are piling into the asset with enthusiasm.</p>
<p style="text-align: justify">However, historical trends caution that such levels of open interest in SHIB futures often precede market downturns, suggesting that Bitcoin might be at a temporary peak, readying for a correction.</p>
<h2 id="bitcoin-s-new-peak-on-the-horizon-says-expert">Bitcoin’s New Peak on the Horizon, Says Expert</h2>
<p style="text-align: justify">The speculative wave is not confined to SHIB. South Korean exchanges are bustling with an average of $8 billion in trading volumes, dwarfing the $1 billion average before Bitcoin’s latest bullish wave. 10X Research founder Markus Thielen links the surge to heightened retail investor engagement.</p>
<p style="text-align: justify">Thielen predicts a new milestone for Bitcoin, potentially surpassing the $69,000 mark, bolstered by substantial capital flowing into U.S. spot ETFs. He also warns of volatile market shifts stemming from the stark supply-demand imbalance, with institutional appetite outstripping Bitcoin’s daily production.</p>
<p style="text-align: justify">Amidst fluctuating investor confidence, as seen with Grayscale’s GBTC outflows and BlackRock’s IBIT inflows, Thielen maintains a positive outlook for Bitcoin, suggesting that resumed robust inflows into BlackRock’s ETF could catalyze a major price rally for the leading cryptocurrency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-futures-hit-100-million-as-bitcoin-awaits-record-high" rel="noopener noreferrer nofollow">Shiba Inu Futures Hit $100 Million as Bitcoin Awaits Record High</a></h5>

Shiba Inu Futures Hit $100 Million as Bitcoin Awaits Record High

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