Shiba Inu experienced a spectacular surge of over 35% in a single day, with its price reaching approximately $0.0000057. However, this bullish momentum abruptly reversed, with the price dropping more than 7% to around $0.0000050 as of July 27. This correction coincides with a 25% decline in open interest on the futures market, which fell back to 10.13 trillion SHIB. The bearish futures trend suggests that traders either closed their positions to lock in profits following the rally or were forced out as the market reversed.
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