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Shiba Inu sees massive 488 billion token outflows amid sharp futures selling pressure.

Market News
06 Jun 2026, 06:00 WIB
UToday
View Source
Bearish
Shiba Inu sees massive 488 billion token outflows amid sharp futures selling pressure.

Shiba Inu (SHIB) is experiencing intense selling pressure as traders rapidly unwind leveraged futures positions, causing a 1,418% drop in futures flow over eight hours. Over 488 billion SHIB tokens moved out of exchanges in 24 hours, signaling a bearish market sentiment. Both spot and derivatives markets show net outflows, indicating reduced risk appetite and investors cutting exposure rather than buying the dip. This trend suggests cautious repositioning amid uncertainty rather than active accumulation of SHIB tokens.

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