SHIB futures see $10.5 million in 24-hour outflows as traders start reducing their positions

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【Crypto World】SHIB’s futures market has experienced a noticeable capital outflow in the past 24 hours. Data shows a net outflow of $10.5 million, with inflows only reaching $8.8 million, indicating a cooling of trader sentiment. From on-chain performance, the declining trend in open interest is quite evident, suggesting some investors are beginning to reduce their positions.

On the price side, there is a moderate increase, rising 2.45% to $0.000008567, with trading activity also picking up, as the 24-hour trading volume increased by 4.39% to $94.53 million. However, from a technical perspective, there is clear resistance above, with two key resistance levels at $0.00001017 and $0.00001084 that still need to be broken to improve the upward trend. In the short term, the 50-day moving average at $0.0000081 serves as an important support, and this is also a key level to watch for stability.

SHIB2,48%
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GreenCandleCollectorvip
· 2h ago
Net capital outflow of 10.5 million, this wave is really people fleeing... The increase looks decent, but the holding volume is dropping, feels a bit fake.
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SchroedingerMinervip
· 2h ago
Over 10 million funds have flowed out, and it's still rising? This move is quite interesting.
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GweiTooHighvip
· 3h ago
Net capital outflow exceeds 10 million, this wave of market movement is indeed fake.
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DegenDreamervip
· 3h ago
Funds have run away, and a reduction in positions is coming. Is this rebound reliable?
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TokenTherapistvip
· 3h ago
Large funds are fleeing, retail investors are still buying in. Is this the fate of SHIB? With such a strong outflow of funds, the increase is only 2.45%—feels fake. Unable to break through resistance levels, losing the 50-day moving average means it's over. Another round of chopping the leeks; I have to say I’m not optimistic. The decline in open interest indicates that smart money has already exited, haha.
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