Shiba Inu futures trading saw a sharp 190% decline in flow over the past 24 hours, with outflows of $5.6 million exceeding inflows of $4.74 million. This led to a net removal of about 156.56 billion SHIB tokens from the futures market and a 6% drop in open interest to $49.4 million, signaling reduced trader participation. The slowdown is attributed to weak price movement, with SHIB's price remaining nearly flat, discouraging short-term derivatives trading. Meanwhile, spot market activity increased, with token withdrawals from exchanges rising and spot trading volume up 18.8%, indicating continued accumulation by holders despite the subdued futures market.
Shiba Inu (SHIB) is at risk of falling out of the top 30 cryptocurrencies by market capitalization due to NEAR Protocol's 138% rally in May. SHIB currently holds the 29th position with a $3.24 billion market cap, narrowly ahead of NEAR's $3.19 billio...
Shiba Inu holders moved over 207 billion SHIB tokens out of crypto exchanges within 24 hours, indicating increased buying activity as tokens are transferred to self-custody. Despite this aggressive outflow, SHIB's price has remained low, trading arou...
Shiba Inu (SHIB) saw a 2% price drop with futures demand plunging over 306% as traders reduced leverage exposure, leading to a net outflow of $430K in futures. Meanwhile, spot traders accumulated nearly 490 billion SHIB tokens by withdrawing them fro...
Shiba Inu (SHIB) has traded mostly sideways recently, down about 4% over the past week amid cautious investor sentiment. Large withdrawals of nearly 490 billion SHIB tokens from exchanges suggest whales may be moving to hold long-term, potentially ea...
XRP's liquidity on Binance has dropped to its lowest since 2020 as large holders shift coins off-exchange, increasing price volatility. Binance is delisting nine trading pairs, including key Shiba Inu rivals, to consolidate liquidity into USDT pairs....
