SHIB futures flow falls 306% as traders pull back

SHIB futures netflow plunged 306% as outflows exceeded inflows, according to CoinGlass derivatives data.

CoinGlass tracked SHIB futures netflow dropping 306%, with the total value of SHIB leaving derivatives exchange wallets outpacing inflows. The metric tracks movement of tokens in and out of derivatives platform wallets and is used as an indicator of how traders are positioning in the perpetual futures market.

The 306% negative netflow signals that derivatives traders are actively reducing exposure rather than opening new leveraged positions. Open interest stands at $61.2 million, with $42,485 in SHIB futures positions liquidated in the latest 24-hour session.

What the derivatives data tells us about SHIB trader sentiment

Negative futures netflow does not necessarily indicate an impending price crash, but it does reflect a reduction in the number of traders willing to hold derivative exposure to SHIB at current prices.

SHIB was trading near $0.00000575 at time of writing, down approximately 54% over the past 12 months from a peak near $0.000012. The token broke below key support near $0.0000054 this week according to technical analysis on CoinMarketCap, raising concern about a possible retest of March 2026 lows.

Crypto.news has reported on over 3 billion SHIB tokens hitting exchanges in a single session earlier this month, adding sell-side pressure as broader crypto market liquidations accelerated.

The pattern of negative futures flow alongside exchange inflows suggests holders are repositioning rather than accumulating. Crypto.news has also covered how declining SHIB futures open interest and funding rate pressure had already signalled weak conviction among derivatives traders in February 2026.

The Shiba Inu (SHIB) price page tracks live movements as the futures data raises questions about SHIB’s near-term direction heading into the US Memorial Day holiday weekend.