Shiba Inu’s futures market has seen a significant rise in activity, with open interest reaching 8.9 trillion SHIB, valued at approximately $110 million. This figure reflects a strong engagement from traders who continue to participate in unsettled futures contracts involving the meme-based cryptocurrency.
Although trading interest in futures has increased, SHIB’s spot price remains sluggish in its upward movement. At the time of this report, the price of SHIB stood at $0.00001211, having increased by 0.11 percent during the past 24 hours. The currency dropped by 2.21 percent from its prior hour following its initial brief price increase during the trading session.
Shiba Inu reached $0.00001244 as its peak intraday point but later returned to previous levels. Several cryptocurrency assets declined during the downtrend as market sentiment weakened and investors doubted upcoming American macroeconomic events.
Traders Brace for Key U.S. Economic Data and Fed Commentary
Foreign traders consistently observe upcoming U.S. economic reports because such data will greatly impact subsequent investing patterns. The U.S. nonfarm payrolls report is expected on Friday, with economists surveyed by Dow Jones projecting an increase of 140,000 jobs. The recent unemployment figures show a projected stability at 4.1 percent.
Economic analysts consider these data points crucial to understanding U.S. economic performance while facing continuous worries about an economic slowdown. Federal Reserve Chairman Jerome Powell will give a speech as a scheduled event. The market follows Federal Reserve policymakers and analysts as they seek any policy announcements on interest rates and economic stability.
Security is a vital issue within the Shiba Inu ecosystem, preceding other economic indicators. The Shiba Inu-interested X (former Twitter) account Susbarium Shibarium Trustwatch alerted the SHIB community about growing scam activities.
Various community members report that scammers now use fake personas to trick people with promises of rewards and airdrop opportunities. The perpetrators trick innocent users by presenting false collection releases and phishing scams.
The advisory introduced various protective steps to defend the users in the SHIB community. Users should check the authenticity of reward link distributors before trusting reward links, and they should get information from only verified and trusted sources that provide official material. The alert instructs users to maintain the security of their private keys and wallet recovery phrases while warning against suspicious links and clicking them. Friendly users enhance security by reporting unusual happenings and getting their information from the approved ShibArmy Scam Alerts channel.
Conclusion
Macroeconomic indicators and community security should remain the main priority as Shiba Inu experiences rising future activity and renewed investor caution. The market experienced by SHIB traders consists of promising possibilities and persistent problems from scammers as they await U.S. economic updates.
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