Shiba Inu tests $0.00000550 as open interest slides 37% and funding stays negative

Shiba Inu (SHIB) is trading below $0.00000550 after a 1.23% drop over the past 24 hours, while leveraged-market funding rates remain in negative territory. Open Interest has fallen 37% and the long/short ratio sits at 0.66, pointing to heavier short positioning even as traders watch Bollinger Band levels at $0.0000550 and $0.00000691. On the 4-hour chart, Chaikin Money Flow turned negative to -0.21, suggesting distribution pressure alongside spot volumes slightly above $100 million.