Shiba Inu (SHIB) Surges Amid Greed Alarm and Record Highs
Shiba Inu's futures open interest has surpassed $100 million, signaling speculative froth and a potential correction in the broader market, while Bitcoin eyes a record high as the supply-demand imbalance grows to 1:10. Speculative excess is also evident in South Korea's increased trading volumes, with retail activity surging in altcoins and meme-coins. Analysts anticipate a new all-time high for Bitcoin above $69,000 this week, driven by significant inflows into U.S.-based spot ETFs and decreasing institutional inventory. Outflows from Grayscale's spot ETF and a temporary slowdown in BlackRock's IBIT inflows are also observed, with expectations of strong inflows resuming in the near future.