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Shiba Inu derivatives bets swell; open interest growth outpaces bitcoin and XRP

Shiba Inu futures open interest rose 13.45 percent over 24 hours to $69.79 million, outpacing the growth rates of bitcoin and XRP, as bets topped 11 trillion SHIB. Inflows to futures positions exceeded outflows, and trading volumes rose sharply across markets. Spot trading showed a slight bullish bias, while futures positioning leaned strongly bearish. Technical indicators highlighted support near the 50-day moving average and improving momentum signals.