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Shiba Inu futures funding turns negative as price hits lowest since July amid Nvidia CEO resignation impact.

Market News
12 Nov 2026, 23:17 WIB
CryptoTicker
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Neutral
Shiba Inu futures funding turns negative as price hits lowest since July amid Nvidia CEO resignation impact.

Shiba Inu's futures market on OKX showed a negative funding rate for the first time since early November, indicating more short sellers paying fees to longs as the price dropped to its lowest since July. Despite 70% of accounts betting on price rises, larger short positions dominate, creating pressure on the market. The price decline coincided with Nvidia CEO Jensen Huang's sudden resignation, which triggered broader risk asset sell-offs. Key support levels are at $0.00000422, with a potential recovery if SHIB closes above $0.0000045, but further falls could push it to yearly lows around $0.0000041. The futures market remains small compared to spot holdings, limiting the impact of leveraged trading on price movements.

Shiba Inu trades at Rp0.0792 on Pluang, down 1.20% as of Nov 13, 2026 04:36 WIB, with a market cap of Rp46.42 trillion. Despite the recent negative funding rate in futures and price pressure noted in the news, Pluang users show a strong buy interest at 76%, holding SHIB for an average of 108 days. The 24-hour trading volume stands at Rp953.07 million, indicating steady activity amid the market fluctuations.

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