SHIB Futures Traders Derisking? Metric Falls 694% With Price in Red

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. Dog themed cryptocurrency Shiba Inu (SHIB) is trading in the red, with on-chain metrics also showing a decline. Advertisement The futures flow metric, which tracks the movement of coins into and out of derivatives exchange wallets and is an indicator of trader positioning, was especially in red, down 694% in the last 12 hours, according to CoinGlass data . Shiba Inu was showing a future netflow drop of 694% in the last 12 hours as the total value of SHIB leaving futures exchange wallets (outflows) surpassed the value entering them (inflows). Inflows came in at $3.98 million, while futures outflows amounted to $4.59 million. HOT Stories 'Living Rent-Free': Ripple CEO Fires Back at Avalanche Founder Shiba Inu (SHIB) Back to Life, Ethereum Now on Path to $3,000, Dogecoin's (DOGE) Zero Removal in Question: Crypto Market Review This might suggest reduced exposure by derivatives traders, even as the broader crypto market sees a sell-off, with $386 million in total liquidations over the last 24 hours. Advertisement You Might Also Like Wed, 04/01/2026 - 16:01 Shiba Inu Hits Hourly Golden Cross, But Derivatives Market Flashes Warning By Tomiwabold Olajide Cryptocurrencies fell across the board as investors pulled back from risk assets, with stock and commodity markets continuing to whipsaw. Shiba Inu was not left out of the bearish sentiment, down 2.67% in the last 24 hours to $0.00000583. Shiba Inu rise reversed Shiba Inu reversed a three-day rise, which surpassed the daily MA 50 at $0.00000595 early Thursday, dropping to a low of $0.00000578. Advertisement Market data suggests a scenario where new demand is being outweighed by existing holders, reducing exposure, which can limit gains even when interest seems to be building. You Might Also Like Wed, 04/01/2026 - 15:15 +137 Billion Shiba Inu: Massive Bearish Pivot in SHIB Exchange Dynamic By Arman Shirinyan On-chain data suggests less conviction as retail stays on the sidelines, unwilling to commit capital until they get directional confirmation. However, crypto prices may rebound in the short term if macro conditions improve. In this scenario, Shiba Inu will target an increase to $0.00000625 and $0.000008, while support is anticipated in the $0.000005 range. For macroeconomic data, on Thursday morning, traders will be watching for initial jobless claims for the week ending March 28, while March’s jobs report is set for release on Friday morning. #Shiba Inu (SHIB) News #Shiba Inu