Shiba Inu's open interest (OI) has surged by 2.11% to 10.85 trillion SHIB, equivalent to $87.94 million, indicating renewed speculative interest in the meme coin. This increase in derivatives activity comes as traders begin to bet on Shiba Inu again, following a period of stagnant price movement. Despite the rise in OI, Shiba Inu futures flows have decreased over the last 12 hours, with a net withdrawal of $251,000 from derivative contracts. In the spot market, Shiba Inu has shown resilience, posting a 6% gain from its weekly low of $0.00000745 to $0.00000790. However, the market remains under bearish pressure, with a continuation pattern suggesting further declines unless the price reclaims $0.00000815. Meanwhile, SHIB exchange balances have increased by $2,630, indicating a preference for distribution over accumulation among holders.