Shiba Inu posted a 6.76% rebound during Thursday’s session, reaching $0.00000477, but the meme token still lagged behind the broader cryptocurrency recovery. Bitcoin gained 8.1% to $69,515, while Ethereum surged 17.8% to $2,251. Total crypto market capitalization climbed to $2.34 trillion, supported by approximately $1.23 billion in short liquidations within a single hour after political announcements in the United States.
The Shiba Inu team attributed the uptick to community activity on social media, claiming short sellers retreated under buying pressure. However, market data suggests the move was driven by macroeconomic factors rather than token-specific dynamics. SHIB’s 24-hour trading volume stood at $104 million, placing the asset at rank 33 in the overall market cap leaderboard, and the token remains 61.2% below its year-over-year value and roughly 94% below its all-time high.
Derivatives data points to weakening trader participation. SHIB futures open interest declined across eight of ten tracked exchanges, while derivatives volume also fell sharply. SHIB recently touched $0.0000054, leaving it down nearly 67% annually. Analysts note that a sustainable recovery would require stronger spot buying, rising futures open interest, and a fresh catalyst. The $0.00000548 level is seen as major technical resistance after rejecting upside attempts in the previous month.
