SHIB Open Interest Slumps to $37.3M, Far Below the $50M Traders' Benchmark

SHIB open interest has slumped to $37.3 million, well below the $50 million benchmark traders watch. Over 24 hours, futures volume reached $49.3 million, dwarfing spot turnover of $10.8 million. The gap suggests derivatives dominate trading, while spot activity remains thin, potentially signaling weak retail demand for the token.