Shiba Inu Futures Flow Crashes 190% in 24 Hours – Warning Flashed
A sudden 190% collapse in Shiba Inu futures flow over the past 24 hours has sparked a stark warning from traders, signaling a potential 10% correction imminent for the meme coin. The sharp reversal in leveraged positions suggests a liquidity squeeze, with open interest plunging as long holders are forced out. Market participants are now bracing for further downside as the leveraged frenzy unwinds.
Shiba Inu derivative demand saw notable depreciation over the past day, as weak price action forced traders to look elsewhere. Data from crypto analytics resource Coinglass shows a whopping 190% drop in Shiba Inu futures flow in the past 24 hours, suggesting a much weaker market activity.
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