Shiba Inu Sees 450 Billion Token Outflow as Futures Activity Collapses

Shiba Inu is undergoing yet another round of intense selling pressure, with on-chain and derivatives data pointing to increasingly pessimistic sentiment. The meme coin that refuses to die is, once again, mostly dying. Despite $SHIB struggling to establish a sustainable recovery for the majority of the year, the most recent metrics indicate that market participants are growing more defensive — which, for SHIB holders, is the default emotional setting.

According to recent exchange flow data, $SHIB recorded roughly 457 billion tokens in exchange outflows, compared to the 347 billion tokens that entered exchanges during the same period. The resulting negative netflow of about 110 billion $SHIB reflects a significant shift in capital away from trading venues. Because investors typically transfer assets into self-custody during major outflows, this is usually read as a bullish signal. The larger context of $SHIB, however, presents a more nuanced picture. Price action remains clearly negative. $SHIB is still trading below all significant moving averages after breaking below the lower boundary of a multi-month consolidation structure. The Relative Strength Index has plummeted toward extremely oversold territory near 24, and the asset has lost more than 8% over the past day.

Derivatives traders are displaying similar caution. According to futures flow data, the net change fell by more than 140%, with 24-hour net futures outflows reaching about -$2.38 million. Three-day futures flows remain negative as well, suggesting that leveraged investors are lowering their exposure rather than preparing for a recovery — a reasonable choice, all things considered.

Spot market activity tells a similar story. With about $826,000 leaving spot markets over the past 24 hours, and more than $2.2 million leaving over the preceding three days, net spot flows continue to be negative across multiple timeframes. These numbers imply that persistent selling pressure is currently outweighing buying demand, which is hardly a novel state of affairs for $SHIB.

The technical picture remains difficult. $SHIB is still printing lower highs and lower lows after breaking below important support in the vicinity of $0.0000050. Sellers are likely to maintain control of the asset until it can recover significant moving averages and stabilize above previous support levels. Extreme pessimism, however, often enables sharp countertrend rallies. Traders should keep an eye out for signs of stabilization as momentum indicators approach severely oversold levels. For now, the combination of declining price action, negative futures flows, and heavy exchange activity suggests bearish pressure remains dominant in the $SHIB market.