Shiba Inu recorded a sharp spike in futures netflow amid continued price pressure in the spot market. Data from CoinGlass shows that SHIB futures posted $1.17 million in inflows over the past hour, compared to $1.06 million in outflows. The imbalance resulted in a 1,724% surge in netflow, signaling a rapid shift in derivatives positioning.
The move comes as SHIB extends its decline. The token has fallen consistently since February 25 and is on track to log its sixth consecutive day of losses. At the time of writing, SHIB trades at $0.00000546, down 3.68% in the last 24 hours. The broader crypto market is also under pressure amid renewed macroeconomic concerns.
Derivatives Activity Accelerates as Volume Surges
The spike in netflow reflects increased activity in the futures market. CoinGlass data indicates that derivatives trading volume for Shiba Inu has jumped 71%. This rise suggests traders are actively adjusting exposure rather than stepping away from the market.
Positive futures netflow often points to fresh capital entering long or short positions. It can also indicate traders repositioning in anticipation of volatility. In SHIB’s case, the surge in activity contrasts with weakening spot prices. That divergence highlights uncertainty around near-term direction.
On Monday, a brief buying wave lifted SHIB and several other altcoins. The rally lacked sustained follow-through. Traders appeared cautious, awaiting stronger catalysts before committing to larger positions. Prices later reversed, erasing most of the gains as risk sentiment weakened.
The current setup reflects a market in transition. Derivatives traders are increasing exposure while spot buyers remain restrained. This imbalance may set the stage for sharper moves if momentum builds in either direction.
Price Trend Remains Under Pressure
Shiba Inu’s recent price structure remains bearish in the short term. Since February 25, the token has steadily printed lower highs and lower lows. The six-day slide underscores persistent selling pressure.
Macro concerns have weighed on digital assets broadly. Investors are monitoring global economic signals and interest rate expectations. Risk assets, including cryptocurrencies, have reacted with increased volatility.
Beyond price action, the Shiba Inu ecosystem has also addressed technical concerns. The Shibizens community account on X stated that most connection issues on Shibarium are not network-related. According to the post, issues typically stem from wallet connection errors rather than blockchain instability.
Source: https://coinpaper.com/15133/shiba-inu-derivatives-volume-jumps-71-as-futures-netflow-spikes-1-724
