Shiba Inu open with an offspring from $ 328 million in July Piely to $ 190 million, what happens?
Safibah’s open interest in Shiba Inu (OI) late from its top in July, litness a sense of meme Coin. This development is accompanied by the latest Crypto crash, as investors prefer to wait in the sides between the market.
Shipwrecks in Shiba Inu Hot to $ 190 million
COINTLASS data It shows that the open interest of Shiba Inu Inu is currently $ 190 million, very low from its top in July $ 328 million recorded last month. Since then, OI deceived every day, showing a desirable drop coin Between the sellers. The open interest means the number of positions open in the equipment at a particular time.
The unseen reason for the drop of Shiba Inpen Funci is the Crypto Market RECTIONWhat the previous two weeks occurred. The shib dropped from its higher place about $ 0.000016 as a result. At that time, the meme coin is low over 8% in the last seven days. Significantly, Shiba Inu had hit the higher community on July 21, which highlights the coincidence between the price and this metric operations.
One reason for this market scheme Trump taxeswhich will start working from August 7. US President Yesterday yesterday Increasing the India Payment Revenue from 25% proposed. This is the development that can contribute to market, including Crypto’s assets such as leave Inu. Tax prices have a direct impact on international economy and may affect the liquidity flow in these assets if they lead to inflation.
In addition, the US economy has already looked in a weakened situation, because of the Jowal’s reportcome down than expectations. Weak worker market can have several red results, including the economic downturn or stability, which is Berish for Shiba, and other assets.
Some good shib stuff
This page Shiba inu long / short rate Currently 1.09, indicates that most of the sellers are still in slavery with coin. This can help to recover the recovery of the market, especially as the Crypto market is discussing. Shib, alongside the other Crypto prices, showed repeats returned from July 4, as the Crypto Market is so filled with 2%.
As a result, Shiba Inu’s’s The Real Trading Volume It is put on 20% to $ 161 million. At that time, the Crypto Analyst Javon Marks is also doubled his prediction That the main character Cuin can record 500% meeting to reach $ 0.000081. This will bring up the closest shibs with a high-time TIME (Ath) of $ 0.00008845.
At the time of writing, shiba Inu trading at $ 0.00001233, up at the last 24 hours, according to writing from Coinmarketcap.
Picture included from Getty, Chart from TradingView.com
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