SHIB remains in downtrend despite slowing momentum
Shiba Inu continues to trade below all major moving averages on daily charts, which suggests the broader downtrend hasn’t reversed yet. The cryptocurrency has been grinding lower recently, with sellers maintaining control over higher time frames. I think it’s fair to say the larger market structure hasn’t turned bullish, though the pace of decline has definitely slowed.
Looking at the technical indicators, the price isn’t cascading downward like it did during previous sell-offs. Volatility appears to be compressing, and the RSI is hovering near the lower range. This doesn’t feel like recovery mode to me—more like stabilization. The market seems to be catching its breath after the recent moves.
Understanding the extreme futures flow data
Now, here’s where things get interesting. The futures data showed a -131,522% imbalance on 15-minute Shiba Inu futures flows. At first glance, that number seems completely absurd. I mean, mathematically speaking, a -100% move should represent total wipeout, right? So how does something go beyond -100%?
The explanation is actually simpler than it appears. That percentage isn’t measuring price movement—it’s measuring change relative to a very small baseline. When net flow values shift from slightly positive to significantly negative over short periods like 15 minutes, even modest outflows can produce these extreme percentage changes.
Think of it this way: if the previous net inflow was nearly zero, any outflow creates a huge percentage swing. The denominator was tiny, so the ratio blows up. The calculations worked exactly as they should have.
What the flow data actually reveals
The flows table shows what really happened. During that 15-minute window, there was a sudden negative net flow where outflows significantly outpaced inflows. This doesn’t mean SHIB futures dropped by 131,000% in value. Rather, it indicates positioning changed dramatically in a short timeframe.
My guess is this reflects leveraged traders liquidating or closing long positions as the price stalled. When you look at the open interest chart, you see overall open interest has been declining with occasional short-lived spikes. This pattern suggests leverage is being washed out rather than rebuilt.
Market implications and trader behavior
This flow event tells me something important about current market dynamics. Short-term traders appear to be exiting positions rather than new long-term money entering the market. The data shows positioning shifts, not catastrophic price movements.
Perhaps we’re seeing traders adjust their exposure as volatility compresses. Or maybe it’s just normal market mechanics playing out during a stabilization phase. Either way, the extreme percentage figure seems more like a mathematical artifact than a reflection of actual market conditions.
I think the key takeaway here is context matters. These flow metrics need to be understood within their proper framework. The -131,522% figure grabs attention, but the underlying story is about positioning adjustments during a period of market consolidation. SHIB remains in a downtrend, momentum has slowed, and traders are adjusting their exposure accordingly.
It’s worth watching how this develops, but I wouldn’t read too much into that specific percentage figure alone. The broader market structure and open interest trends tell a more complete story about where SHIB might be heading next.
