Shiba Inu Futures Flow Plunges 67x in Days: What Does This Mean for SHIB Price?

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.

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