What to Know
- Shiba Inu recorded nearly 110 billion SHIB negative exchange netflow.
- Futures traders reduced exposure as net outflows exceeded $2.38 million.
- Technical indicators remain bearish despite SHIB entering oversold territory.
Shiba Inu is facing mounting pressure as more than 450 billion SHIB tokens have left exchanges while traders continue reducing exposure across both spot and futures markets. Recent on-chain and derivatives data suggest that market participants remain cautious as the meme coin struggles to recover from its prolonged decline. Exchange flow metrics show that approximately 457 billion SHIB moved out of trading platforms during the latest reporting period. Meanwhile, around 347 billion SHIB entered exchanges. Consequently, SHIB recorded a negative netflow of nearly 110 billion tokens.
Large exchange outflows are often associated with investors moving assets into self-custody. However, current market conditions suggest the trend may not reflect growing confidence. Instead, SHIB continues trading under pressure as broader sentiment remains weak. The token recently fell below the lower boundary of a multi-month consolidation range. Additionally, SHIB remains below all major moving averages, highlighting the continued dominance of sellers in the market. The asset has lost more than 8% over the past 24 hours. At the same time, its Relative Strength Index has dropped near 24, placing the token deep within oversold territory.
Also Read: XRP Crash Warning Emerges as Key Breakdown Puts $1 Level at Risk
Futures traders continue cutting SHIB positions
Derivatives market activity reveals a similar trend. Recent futures data shows leveraged traders reducing positions instead of increasing exposure at current price levels. According to Coinglass, in the past 24 hours, net futures flows declined by more than 140%, resulting in approximately $2.38 million in outflows. Moreover, three-day futures flow data remains negative, indicating that traders continue withdrawing capital from the market.
This behavior often signals caution among participants who expect additional downside risks. As a result, leveraged traders appear unwilling to commit significant capital until market conditions improve. Spot market activity further supports that view. Data shows roughly $826,000 exited SHIB spot markets during the last 24 hours. Furthermore, cumulative outflows surpassed $2.2 million over the previous three-day period.
Those figures indicate that selling activity continues to outweigh buying demand. Besides, persistent capital withdrawals suggest investors remain defensive despite increasingly oversold technical conditions.
Technical structure remains under pressure
SHIB continues to form lower highs and lower lows, a pattern commonly associated with ongoing downtrends. Furthermore, the token has yet to reclaim support near the $0.0000050 level, which previously served as an important price floor.
Until buyers regain control of key moving averages and recover former support zones, bearish momentum may continue influencing market direction. Although oversold conditions can sometimes precede temporary rebounds, current on-chain, spot, and derivatives data suggest that sellers remain firmly in control of the SHIB market.
Shiba Inu’s latest 450 billion token outflow highlights growing caution among investors as price weakness continues across the market. Negative futures flows, persistent spot outflows, and deteriorating technical indicators collectively show that traders remain focused on risk reduction rather than accumulation.
Also Read: Ethereum Treasury Firm FG Nexus Moves 10,000 ETH in Latest Sale
