[DigitalToday reporter Yoonseo Lee] Shiba Inu is showing a strong bullish trend in derivatives markets as open interest (OI) and net long positions rise alongside the price increase.

On May 11 (local time), blockchain outlet The Crypto Basic reported that recent Shiba Inu charts show spot prices and derivatives-market participation expanding together.

Market analyst CW said buying pressure is strengthening quickly in Shiba Inu's recent moves. On the 1-hour chart, the price has continued to make higher highs and higher lows since May 10. This is seen as a sign that buying demand is steadily keeping the upper hand.

Price gains also grew. Shiba Inu quickly rose from about $0.00000632 to above $0.00000660 between May 10 and May 11. Trading volume also increased over the same period, and the latest candle showed strong upward pressure.

A key indicator in this move is open interest. Shiba Inu open interest has risen from slightly above 5 billion on May 5 to above 6 billion now. This means new positions increased quickly in a short period. When prices and open interest rise together, it can be read as a sign that fresh money is entering the market rather than existing positions being closed.

Net positioning indicators also pointed to a shift in direction. As recently as a week ago, net positioning fell to around minus 200 million, showing a short-position advantage. It started rebounding on May 6, turned positive three days later, and net long positions are now slightly above plus 400 million. This indicates market participants' positioning has shifted from bearish to bullish.

CW said buying pressure is currently dominant. It was also cited as support for the view that demand may not be limited to a short-term rebound that the move looked relatively controlled, rather than excessively choppy, even as prices surged.

Overheating signals are also emerging. The simultaneous surge in open interest and net long positions while prices rise means participants are increasing their leverage exposure. This structure can push the rally higher, but if momentum slows it can also speed up the shift to a decline.

Some expect that if the price holds around $0.00000665 to $0.00000670, the recent breakout area, buyers could attempt further gains. If the price cannot rise further but open interest stays above 6 billion, there could be a wave of excessive long-position liquidations at once. In that case, even if the broader trend remains intact, a sharp short-term price correction could appear.

Shiba Inu has entered a bullish phase where price gains, rising volume and increased derivatives participation are appearing at the same time. New inflows and a positioning shift are being confirmed, but volatility risks tied to greater leverage are also growing and will be a key point to watch.

The upward momentum of $SHIB is increasing explosively. Upward pressure is very strong. pic.twitter.com/krXs9zhcM7