Trader sentiment in the Shiba Inu derivatives market has completely flipped over the past week. Just days ago, net positions were around -200 million, showing a market leaning toward short bets. But by May 11, that had swung to over +400 million in net long positions. A shift this big in such a short time is unusual.
From Short to Long: A Full Reversal
The turnaround started around May 6, when net positions began climbing out of negative territory. By May 9, the indicator had moved into positive ground and kept rising. According to market analyst CW, buying pressure has grown sharply and now dominates the market. “The upward momentum of $SHIB is increasing explosively,” he said.
That momentum is clearly visible on the price chart. SHIB has been steadily climbing from around $0.00000615, forming a pattern of higher lows and higher highs since May 10 — a sign that buyers have stayed in control without the market becoming messy or erratic. By May 11, the price had reached above $0.00000660, a gain of about 6.50% over the past week.
Open Interest Climbs Past 6 Billion
The derivatives market is also attracting new participants. Open Interest — which measures the total value of outstanding contracts — rose from just over 5 billion on May 5 to more than 6 billion at the time of reporting. This increase suggests traders are opening new positions rather than just closing old ones. When prices rise along with growing Open Interest, it usually points to steady demand rather than a temporary bounce caused by short sellers being squeezed out. Reports indicate that analysts often look for this combination to judge whether a rally has staying power.
Leverage Cuts Both Ways
Still, the same buildup that has driven prices higher also carries risk. With Open Interest high and long positions piling up, a slowdown in price movement could trigger a chain of forced liquidations. If SHIB struggles to push higher while leverage stays elevated, a quick drop becomes more likely — even if the overall trend hasn’t changed.
For the rally to continue, reports say SHIB needs to hold above the $0.00000665 to $0.00000670 range. That zone is now a key level. If buyers defend it, the next move higher is still possible. If they don’t, the market could correct sharply before finding its footing again.
Featured image from Anne Arundel County Government, chart from TradingView
Frequently Asked Questions
Here is a list of FAQs about the surging bullish momentum and growing buying pressure for Shiba Inu
BeginnerLevel Questions
1 What does bullish momentum mean for Shiba Inu
It means the price is trending upward and more people are buying than selling Its a positive sign that suggests the coin could keep rising in the short term
2 Why is buying pressure for SHIB growing right now
It could be due to positive news increased community hype or traders expecting a price breakout More buyers stepping in pushes the price higher
3 Is this a good time to buy Shiba Inu
That depends on your risk tolerance Growing buying pressure can lead to gains but crypto is very volatile Never invest more than you can afford to lose and consider waiting for a slight dip if youre nervous
4 Can Shiba Inu really go to 001 or 1
Mathematically reaching 001 or 1 would require a market cap in the trillions or quadrillions which is highly unlikely A more realistic shortterm goal is breaking past previous highs
5 What is burning and does it affect the bullish momentum
Burning means permanently removing tokens from circulation When the supply shrinks each remaining token can become more valuable Recent burn events often fuel bullish sentiment
IntermediateLevel Questions
6 How can I tell if the buying pressure is real or just hype
Look at trading volume onchain data and exchange inflows Hype alone often fades quickly
7 What is the Shibarium network and how does it help SHIB
Shibarium is Shiba Inus own layer2 blockchain It makes transactions faster and cheaper More usage on Shibarium can increase the number of SHIB tokens burned supporting price momentum
8 Do large holders control the price during a surge
Yes whales can have a big impact If they start selling during a rally it can stop the momentum Watch for large transactions to exchangesthat often