By Km Fazi 
Shiba Inu (SHIB) futures traders are beginning to re-enter the market as momentum shows early signs of recovery following several days of subdued trading activity. On-chain derivatives data suggests that investor sentiment may be shifting back toward the bullish side.
According to data from CoinGlass, Shiba Inu’s open interest (OI) has flipped positive, posting a noticeable increase over the past 24 hours. This move indicates that traders are once again opening new futures positions after a recent pullback in the broader crypto market.
SHIB Open Interest Jumps Nearly 4%
On Thursday, January 22, SHIB’s open interest rose by approximately 3.85%, reflecting renewed participation from derivatives traders. Over the last day alone, more than 10.93 trillion SHIB tokens were committed across open futures contracts.
Open interest measures the total value of outstanding derivative positions that have not yet been settled. When OI increases alongside stable or rising prices, it typically signals growing confidence and fresh capital entering the market from both retail and institutional participants.
With SHIB’s open interest climbing by nearly 4%, market data suggests that some traders are positioning for a potential price rebound, anticipating improved short-term momentum.
SHIB Price Shows Early Signs of Recovery
The rebound in open interest has coincided with a modest price recovery for Shiba Inu. After spending multiple sessions in negative territory, SHIB has started to move higher as sentiment stabilizes.
Data from CoinMarketCap shows that Shiba Inu’s price has increased by 1.77% over the past 24 hours, reflecting a mild but notable bullish shift. At the time of writing, SHIB is trading near $0.000007880.
However, despite the price uptick, trading volume remains under pressure. SHIB’s 24-hour trading volume has declined by approximately 8.47%, currently hovering around $101.64 million, suggesting that market participation has yet to fully recover.
SHIB Still Up Over the Past Month
Even with recent volatility, Shiba Inu remains on track to close January with positive performance. The meme coin is still up by roughly 10% over the last 30 days, indicating resilience despite broader market uncertainty.
While the current rebound is still in its early stages, the combination of rising open interest and price stabilization suggests that bullish sentiment may be gradually returning. Traders will now be watching closely to see whether SHIB can sustain momentum or if further consolidation lies ahead.