Shiba Inu's derivatives market showed a sharp deterioration, with net futures flows plunging 6,700.36% over three days and registering negative net flows of $207,230. According to CoinGlass data, SHIB futures recorded $10.39 million in inflows against $10.60 million in outflows, signaling reduced trader exposure amid renewed selling pressure. While the reported percentage decline reflects a roughly 67-fold deterioration from the earlier reading, negative flows alone do not confirm whether traders closed positions or adopted outright bearish strategies.
SHIB traded near $0.000004844 between Tuesday and Wednesday before a broader cryptocurrency selloff pushed the token down roughly 5% to $0.00000446 on Thursday. Marketwide derivatives liquidations exceeded $1 billion during that decline. A modest rebound followed, but Saturday's session brought another move lower toward $0.00000455.
The weakness came as CoinMarketCap's Altcoin Season Index fell to 44 out of 100, its lowest reading since September. That decline reflected Bitcoin's stronger relative performance against many alternative cryptocurrencies, rather than an isolated SHIB-specific shift.
From a technical perspective, Shiba Inu faces resistance near the 50-week moving average at approximately $0.00000586 and support around $0.0000041. The token is at risk of a sixth consecutive weekly loss following another negative monthly performance in September. Spot purchasing and selling volumes are likely to remain important in determining whether buyers can stabilize prices despite the broader market weakness.
