Shiba Inu (SHIB) Sends Bitcoin Price (BTC) Warning as Futures Open Interest Tops $100M

Shiba Inu’s recent surge decoded! Explore the market implications of this meme cryptocurrency’s rise and its impact on broader market trends.

The pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are seen as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.