Shiba Inu (SHIB) suffered a sharp 16.13% drop to around $0.0000052 after a failed push toward $0.0000062, with aggressive spot and derivatives selling intensifying across major crypto trading venues. A fragile rebound lifted the memecoin toward $0.0000053, but declining trading volume and continued risk reduction left the recovery uncertain.
Spot market data showed clear bearish pressure: sell volume reached approximately 3.8 trillion SHIB tokens against 3.4 trillion in buy volume, creating a negative delta of about 0.4 trillion tokens. In perpetual futures, sellers traded more than 1.32 trillion tokens versus 1.27 trillion on the buy side, producing a negative delta of 179 billion tokens. Net buying also remained negative near 1.2 trillion.
Futures flows reinforced the cautious tone, with outflows of roughly $16.17 million and inflows near $15.34 million, leaving a negative netflow of about $833,000. At the same time, OKX stood out as the dominant derivatives venue with $52.27 million in SHIB futures volume, followed by LBank at $22.42 million, MEXC at $12.66 million, and Bitget at $10.97 million.
Technically, SHIB was still trading above shorter-term moving averages in the $0.00000462–$0.00000495 area, while the longer-term moving average near $0.00000573 remained key resistance. The RSI cooled to about 63 after briefly becoming overbought. Bulls need to defend $0.000005 and reclaim a daily close above $0.0000060 to regain momentum, with a breakout potentially targeting $0.0000062–$0.0000065. Failure to hold support could expose the next downside level near $0.0000047.
Broader crypto market weakness and renewed tariff tensions added to the pressure, prompting traders to reduce exposure to speculative assets like SHIB.
