[DigitalToday reporter Yoonseo Lee] Shiba Inu futures open interest is above $62 million, keeping the burden of leveraged positions in place.

The Crypto Basic, a blockchain media outlet, reported on Wednesday local time that Shiba Inu open interest was tallied at $62.25 million, with 24-hour futures trading volume at $54.42 million.

Open interest exceeding a day’s futures trading volume suggests traders are maintaining sizeable leveraged exposure rather than quickly rotating positions. Shiba Inu trading also leaned more toward derivatives than spot. The 24-hour futures volume was about $54.25 million, about 2.7 times the spot volume of $19.99 million.

The price rebounded. Shiba Inu rose 4.74 percent over 24 hours to $0.000005113, and its market capitalisation increased to about $2.96 billion. It ranks 29th by market capitalisation.

The rebound did not prevent losses in leveraged long positions. CoinGlass data showed 73 Shiba Inu traders posted liquidations totalling $182,650 over the past 24 hours. Of that, long liquidations accounted for about $162,740, while short liquidations were $19,910.

The imbalance appeared while Shiba Inu has yet to recover its weekly high of $0.0000054. The price rebounded nearly 5 percent in a day, but pressure from bullish bets built up by declines earlier in the week continued. It signals that even with a short-term rebound in a futures-heavy trading structure, leveraged positions remain exposed to volatility.

Flows showed more tokens moving off exchanges. CryptoQuant data showed an outflow of 249.4 billion SHIB from exchanges. Total exchange holdings still exceed 87 trillion SHIB, with current reserves at about 87.06 trillion SHIB. The decline in readily sellable tokens on centralised exchanges could remain a short-term supply-demand factor.

Burn metrics also expanded. The community burned 27.36 million SHIB over the past 24 hours, sending the daily burn rate up 716 percent. The cumulative burn over the past week was tallied at 118 million SHIB.

Shiba Inu markets are showing a mix of a price rebound, a high share of futures trading, long liquidations, exchange outflows and increased burns. In the short term, focus is on whether open interest built up in the futures market leads to additional liquidations or turns into momentum for a price recovery alongside changes in spot supply and demand.