Shiba Inu Traders Withdraw 204 Billion SHIB Amid Sharp Drop In Futures Activity

Traders pulled over 204 billion SHIB tokens off exchanges in a single day, a 3.6% jump from the day before, even as demand for Shiba Inu futures contracts slid sharply.Futures Flow Turns NegativeData from Coinglass shows that futures outflows hit $5.6 million over the past 24 hours, outpacing inflows of $4.74 million. The net gap — roughly $865,790 in closed contracts — effectively removed 156.56 billion SHIB tokens from the futures market in one session.Open interest, which tracks the total value of active futures positions, fell 6% to over $49 million over the same period. The 24-hour futures trading volume also slipped 0.88% to $78.6 million as activity across the derivatives market stayed thin.The pullback in futures demand tracks with SHIB’s price behavior over the past four days, during which the token has barely budged. The coin hasn’t moved more than 2% in either direction, leaving derivative traders with little reason to stay in.Quiet Price, Slow MomentumSHIB was trading at $0.00000553 at the time of writing, showing almost no change in the past day. Low price movement tends to push futures traders toward other assets, and that rotation appears to be underway here.When a token sits still, futures traders tend to leave. They need volatility to make money on leveraged positions, and SHIB hasn’t been delivering that.Spot Demand Holds UpWhile the derivatives side weakened, spot activity told a different story. Spot trading volume climbed 18% in 24 hours to nearly $12 million, and exchange reserves dropped 0.25% to 80.32 trillion SHIB.The exchange netflow remained negative, meaning more tokens left platforms than arrived. That kind of sustained outflow is often read as holders moving assets into self-custody rather than preparing to sell.Some analysts have pointed to this pattern as a sign the recent downward pressure on prices may be running out of steam.Featured image from Unsplash, chart from TradingViewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC