Shiba Inu open interest has been one of the worst performing cryptocurrencies by market capitalization in the year 2025. While there has been a general increase in open interest in companies like Bitcoin and Ethereum, driving the market with them, Shiba Inu has not followed this trajectory. Instead, the meme coin’s open interest has plummeted significantly, hitting new 2025 lows in the process.
Shiba Inu Open Interest Falls Below $100 Million
Earlier in the year, on January 16, 2025, Shiba Inu open interest had reached a new all-time high above $519 million even though SHIB price action remained relatively muted. It wasn’t long until open interest began to declineand since then everything has gone downhill.
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By early February 2025, Shiba Inu open interest had plummeted by more than 50%, recording one of the steepest declines in the market. However, open interest managed to stay above the 2024 lows as SHIB price fluctuations kept traders interested.
Now, however, most of the open interest seen in Shiba Inu at the beginning of the year has almost completely disappeared. Coinglass Website Data sample that open interest has now fallen below $100 million for the first time in 2025, marking a new yearly low.
The current average of around $89 million translates to a decline of over 80% in the last 9 months, painting a similar picture to the price of the altcoin, which is down 88% from its 2021 all-time highs. As this drop continues, it continues to impact the price, affecting its ability to make a significant recovery.
SHIB could be at a pivotal point
As mentioned above, the last time Shiba Inu open interest was this low was in 2024, but what’s interesting is that periods of low interest have often preceded some of the bigger moves. By August 2024, Shiba Inu open interest had fallen to its lowest levels since 2023, but the next three months would see a rapid rise in both interest and price.
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Times of low interest rates, such as these, have often been breeding grounds for accumulation before the next move. Therefore, Shiba Inu open interest falling to yearly lows could be setting the stage for another price rally.
Featured image from, chart from Tradingview.com
