Shiba Inu futures saw $10.39 million in inflows and $10.60 million in outflows in a three-day period, according to Coinglass data. This resulted in a net futures flow of -$207,230, a decline of 6,700.36%.
Shiba Inu's price has been volatile during the week, as the dog-themed token moved from Tuesday to Wednesday to hit $0.000004844. A sharp plunge amid a market selloff on Thursday, which liquidated over $1 billion in crypto positions, took the SHIB price down 5% to a low of $0.00000446 before it slightly rebounded. On Saturday, Shiba Inu's price traded to a low of $0.00000455 amid crypto market volatility.
SHIB futures flows are down 67x, suggesting futures traders are pulling back on SHIB exposure in a big way, rather than holding or adding leveraged exposure. Such a move can be a sign of weaker speculative interest, profit-taking, or traders exiting positions in unclear market conditions.
The market crash triggered massive profit-taking, causing a 67x fall in Shiba Inu's futures flow. Speculative sentiment is also dropping in the market, as reflected by CoinMarketCap's altcoin season index being at 44/100, its lowest point since September.
What does this mean for SHIB price？
Futures flow measures activity in the derivatives market, not demand for SHIB in the spot market. The big drop could be an indication that traders are moving away from leveraged bets, partly due to the uncertainty in the markets right now.
SHIB's price impact will partly depend on whether spot market demand can offset the fall in futures flow. If buyers keep buying tokens and selling pressure is kept at bay, this might not have much impact on SHIB's price.
SHIB started to decline in early October 2026 and is on track for a sixth consecutive week of losses after closing lower in September. On the weekly chart, the major resistance for SHIB is $0.00000586, which corresponds to the 50 WMA. If the price continues to go down, support can be found at $0.0000041.