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Shiba Inu Exchange Netflow Turns Negative as Traders Pull Over 131B SHIB and Open Interest Climbs
On Saturday, March 7, data from CryptoQuant showed Shiba Inu exchange netflow at -131,956,300,000 SHIB over the prior 24 hours as traders withdrew more tokens than they deposited. During the same period, SHIB open interest increased 2.24% to over 10.09 trillion SHIB in derivatives contracts while the spot price traded around $0.00000528, down 1.64% in a day. The combination of negative netflows and rising futures exposure points to active positioning around the meme token despite its weak price action.