The Shiba Inu team has warned traders to exercise heightened caution after $20 million in SHIB positions were liquidated within 24 hours. Of that amount, $12.9 million came from long positions.
In the same message, the team called for more bulls and increased token burns. The share of bets on price increases still exceeds bets on declines at a ratio of 2.71 to 1 — this leaves SHIB longs at risk of another wave of liquidations.
Reasons for the Shiba Inu team's warning in the context of futures data
The team backed up its caution with futures contract statistics — instruments that allow traders to speculate on the SHIB price, often using leverage.
Over the same period, futures turnover reached $49.3 million. By comparison, turnover on the spot market — where the token is bought and sold directly — was only $10.8 million. Thus, derivatives trading volume is roughly 4.5 times greater than spot activity.
Watch your trades. We need more bulls and even more burns!
— Shiba Inu team
Short-term movements are more often driven by leverage rather than direct token purchases. Because of this, even small price fluctuations can trigger large-scale liquidations.
Shorts accounted for about $7 million in losses — liquidations affected both sides, but most of the losing positions were longs.
The predominance of long positions could backfire on traders: if prices continue to fall, new long liquidations will add pressure on the price. This is not the first time the call to buy has been made.
92 billion SHIB flowed onto exchanges
Over 24 hours, 324.28 billion SHIB flowed onto exchanges, while 232.21 billion was withdrawn. As a result, net inflow amounted to about 92.07 billion tokens. Tokens placed on an exchange can immediately enter the order book.
Coins in personal wallets, by contrast, must be transferred to an exchange before being sold. Therefore, net inflow shows how ready holders are to sell.
This volume hit the market at an unfortunate moment for the token. Over the year, SHIB has lost roughly half its value.
Compared to June, the current inflow is small: back then, large holders moved 1.04 trillion SHIB onto exchanges in a single day. Future inflow figures will show whether these tokens will be sold off or remain on exchanges.
For now, the trend is being set not by spot buyers but by derivatives platforms — hence the Shiba Inu team's caution. This dynamic is typical of a year with low organic demand: it is confirmed by the sharp decline in Shibarium activity according to on-chain data.
Cryptalist analysis: A long-to-short ratio of 2.71 to 1, combined with futures turnover being four times larger than spot, creates a classic structure of elevated risk for cascading liquidations. A net inflow of 92 billion SHIB onto exchanges, together with the loss of half its value over the year, points to weak organic demand and the price's vulnerability to further seller pressure.