Shiba

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-futures-hit-record-high-as-bitcoin-awaits-potential-breakthrough" rel="noopener noreferrer nofollow">Shiba Inu Futures Hit Record High as Bitcoin Awaits Potential Breakthrough</a><br></p>
<p style="text-align: justify">The Cryptocurrency sector witnesses a notable surge in speculative activity as Shiba Inu’s futures open interest exceeds a milestone of $100 million. This marks a period of intense capital flow into the meme-inspired <a href="https://en.bitcoinhaber.net/crypto-surge-lifts-bitcoin-near-57000-mark-and-catapults-altcoins" rel="noopener noreferrer nofollow">cryptocurrency</a> SHIB, which has seen its market value soar by over 130% within a week. Concerns arise among market experts who predict that such a speculative bubble could be a precursor to a wider market corrective phase. <a href="https://en.bitcoinhaber.net/bitcoin-miners-sell-over-10000-btc-amid-hashrate-drop-and-severe-us-weather" rel="noopener noreferrer nofollow">Bitcoin</a> also experiences a noteworthy imbalance in supply and demand, with predictions of its value reaching new heights soon.</p>
<h2 id="shiba-inu-s-rapid-rise-triggers-market-speculation">Shiba Inu’s Rapid Rise Triggers Market Speculation</h2>
<p style="text-align: justify">Recent CoinGlass data reveals a significant leap in Shiba Inu’s futures open interest, crossing the $100 million threshold for the first time since August of the previous year. With SHIB’s valuation skyrocketing, there’s a clear indication of an influx of investment into this particular altcoin. Nonetheless, historical trends suggest that such a high level of open interest could precede potential downturns in the market, implying that Bitcoin could be at or near its peak prices.</p>
<h2 id="trading-volume-boost-and-bitcoin-s-record-high-expectations">Trading Volume Boost and Bitcoin’s Record High Expectations</h2>
<p style="text-align: justify">The surge in speculative interest isn’t limited to SHIB. South Korea’s trading volumes have dramatically increased, now averaging around $8 billion, up from the $1 billion daily average before the momentum of the Bitcoin rally. Markus Thielen, 10X Research founder, ties this escalation to a spike in retail investor engagement. He forecasts that Bitcoin might surpass the record price of $69,000 in the coming week, citing the substantial capital inflows into US-based spot ETFs as a key driver.</p>
<p style="text-align: justify">Thielen cautions about the supply-demand imbalance, with institutional demand dramatically outpacing the supply generated from daily <a href="https://en.bitcoinhaber.net/bitcoin-miner-griid-set-to-reactivate-nasdaq-trading" rel="noopener noreferrer nofollow">mining</a>, potentially leading to volatile price swings. Despite mixed signals from various ETF outflows and inflows, Thielen remains optimistic that renewed strong inflows into BlackRock’s spot Bitcoin ETF could prompt a significant price increase for Bitcoin.</p>
<p style="text-align: justify">In summary, the current market landscape is marked by strong speculative interest and potential for new records in cryptocurrency values, though experts advise caution given the possibility of rapid corrections.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-futures-hit-record-high-as-bitcoin-awaits-potential-breakthrough" rel="noopener noreferrer nofollow">Shiba Inu Futures Hit Record High as Bitcoin Awaits Potential Breakthrough</a></h5>

Shiba Inu Futures Hit Record High as Bitcoin Awaits Potential Breakthrough

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