1,235,294,117,647 SHIB Futures Outflow in 24 Hours, What's Going On?
Analysis
Price Impact
MedSignificant futures outflows ($10.5 million) suggest traders are reducing their exposure or taking short positions, indicating a bearish sentiment in the derivatives market. this often precedes or accompanies price declines.
Trustworthiness
HighData is sourced from coinglass, a reputable platform for futures market analytics, and reported by u.today.
Price Direction
BearishDespite a minor short-term rebound, the substantial futures outflows indicate strong selling pressure or a lack of confidence from institutional traders. additionally, the formation of an hourly 'death cross' (ma 50 below ma 20) is a bearish technical signal, suggesting potential further downside.
Time Effect
ShortFutures outflows reflect current trading sentiment and capital movement, typically influencing prices in the immediate to short term. the hourly death cross also points to short-term bearish momentum.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News According to on-chain data, Shiba Inu has seen an increase in futures outflows in the last 24 hours. A total of 1,235,294,117,647 SHIB have outflowed from Shiba Inu futures contracts in this time frame. Advertisement CoinGlass data indicates 1,235,294,117,647 SHIB or $10.50 million recorded in SHIB futures outflows. This surpasses inflows, which amounted to $8.8 million, with this having implications for the market. The futures flow metric tracks the capital flow of the cryptocurrency futures market. In the case of Shiba Inu, futures outflows in the last 24 hours were higher, suggesting traders might be reducing their exposure to the dog cryptocurrency. HOT Stories U.Today Crypto Market Review: Fake Bitcoin (BTC) Breakthrough; Shiba Inu (SHIB): Third Time's a Charm; XRP: 3 Price Waves U.Today Crypto Digest: Shiba Inu (SHIB) Has Chance for Recovery, Dogecoin (DOGE) Price Eyes 22% Rebound, XRP Bull Run Imminent, According to Bollinger Bands Samourai Bitcoin to Stay in Strategic Reserve Morning Crypto Report: Say Goodbye to 1.21% of All XRP, Shiba Inu (SHIB) Confirms Golden Cross: 23% Rally Expected, Cardano Price Prints Legendary Bull Pattern: ADA Next Silver? This coincides with a price drop in the market, with traders now watching to see what comes next. Advertisement What's next for SHIB price? Shiba Inu reversed a two-day drop from a low of $0.00000815 on Friday. At the time of writing, SHIB was up 2.45% in the last 24 hours to $0.000008567. In the last 24 hours, Shiba Inu's trading volume was up 4.39% to $94.53 million. The next resistance targets for Shiba Inu lie at $0.00001017 and at the daily MA 50 at $0.00001084, which might enable it to reach $0.000015 in the long run. In a fresh development, Shiba Inu has completed another hourly death cross in 2026, as the hourly MA 50 has fallen below the MA 20. Advertisement Shiba Inu will look to convert the daily MA 50 at $0.0000081 into support to sustain its short-term momentum. If this falters, the next support lies at $0.00000732. In another scenario, Shiba Inu might follow the broader market trend, especially if Bitcoin's price recovers. The chances of range trading remain as signaled by momentum indicators, including the RSI. #Shiba Inu (SHIB) News #Shiba Inu #Shiba Inu (SHIB) Price Prediction