Update
Shiba Inu Futures Flow Plunges 67x in Days
Shiba Inu futures saw $10.39 million in inflows and $10.60 million in outflows in a three-day period, resulting in a net futures flow of -$207,230. This decline of 6,700.36% is attributed to a market selloff that triggered a 5% drop in SHIB price to $0.00000446. The sharp decline in futures flow suggests traders are reducing their exposure to Shiba Inu, possibly due to profit-taking or uncertainty in the market. The market's altcoin season index is at its lowest point since September, indicating weakening speculative interest. SHIB's price impact will depend on whether spot market demand can offset the fall in futures flow.