Shiba Inu Sees Price Uptick as Derivatives Activity Slides

TLDR

• Shiba Inu rose 2.37% to $0.00000598 during a broader crypto market recovery.
• SHIB futures netflow dropped 865% within 24 hours, showing reduced trader engagement.
• Futures outflows of $6.58 million exceeded inflows of $6.21 million, reflecting lower net exposure.
• Shiba Inu traded between $0.00000562 and $0.00000644, maintaining a narrow range since March 11, 2026.
• The number of SHIB wallet holders reached a record 1.56 million, according to on-chain data.

Shiba Inu (SHIB) recorded a 2.37% price increase as the broader crypto market posted slight gains. However, derivatives data showed reduced trader engagement and falling net exposure. Futures flows and liquidation figures reflected a defensive trading stance.

Shiba Inu Futures Activity Contracts as Net Outflows Increase

Shiba Inu traded at $0.00000598 after rising 2.37% over the past 24 hours. At the same time, the total crypto market capitalization reached $2.13 trillion. Bitcoin climbed to $66,636, while Ethereum advanced 0.50% to $2,061.

Despite the price increase, derivatives metrics weakened during the session. CoinGlass data showed that SHIB futures netflow fell 865% within one day. Inflows reached $6.21 million, yet outflows totaled $6.58 million. As a result, traders reduced exposure rather than opening new positions.

The net outflow pointed to lower participation across futures markets. Data also recorded $145.71 million in long liquidations across digital assets. These liquidations reflected pressure on bullish positions during the period.

Shiba Inu’s price has moved within a narrow band since March 11, 2026. The token traded between $0.00000562 and $0.00000644. This range has had limited breakout attempts during recent sessions.

Market data indicated that existing holders outweighed fresh buying demand. Retail participants showed limited conviction during the rebound. As one market tracker stated, “Futures positioning shows traders are stepping back.”

SHIB Adoption Grows as Wallet Count Hits Record

On-chain data showed that Shiba Inu wallet holders reached 1.56 million. Etherscan reported this figure as a new record for the token. The data reflected steady accumulation over time.

Shiba Inu currently ranks 26th by market capitalization. The token holds a market value of $3.52 billion. MemeCore follows in 28th position with $3.38 billion.

The narrowing market capitalization gap placed the two tokens close in rankings. Price levels, however, remained within the established trading range. Trading volumes did not indicate aggressive accumulation during the session.

Derivatives flows contrasted with the growing holder base. While wallets increased, futures positioning declined sharply. This divergence highlighted differing behavior between spot holders and leveraged traders.

SHIB maintained its price near $0.00000598 at the time of reporting. The broader market capitalization stood at $2.13 trillion. Bitcoin traded at $66,636, and Ethereum changed hands at $2,061.

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