Shiba Inu Futures Open Interest Drops 8.59% as Price Slides 5.28% on Feb. 28

On Saturday, Feb. 28, data from CoinGlass showed Shiba Inu futures open interest falling 8.59% to about 10.59 trillion SHIB, signaling a shift toward bearish positioning. Over the same 24-hour period, SHIB's spot price slid 5.28% to $0.000005536, while crypto futures liquidations reached over $503 million, with long traders bearing most of the losses.