Shiba Inu (SHIB) continues to trade below all major moving averages on daily charts, while the market appears to be yet to produce a strong recovery signal. Although the downward movement of the price has slowed down recently, the overall technical structure still reveals that the downtrend is dominant. In this process, where sellers retain control over large periods of time, extraordinary data emerging on the futures side raises questions in the minds of investors.
Downward Momentum in SHIB
Compared to the last wave of sales, there is a more controlled retreat in the SHIB price. The fact that the price does not “crash” as sharply as in previous periods shows that volatility has narrowed and the market is looking for an equilibrium. The fact that the RSI indicator is close to the lower bands also supports this situation. However, this situation does not mean that a recovery process has started yet; Rather, it indicates a transition phase where the price is trying to stabilize.
At this point, investor psychology also attracts attention. While the long-standing downward trend causes buyers to act cautiously, short-term transactions gain weight. The decrease in risk appetite, especially in leveraged positions, paves the way for the price to move in the horizontal-low band.
Remarkable “Minus” Data in Futures
At first glance, the -131.522% imbalance seen in SHIB futures in the 15-minute time frame seems mathematically meaningless. After all, -100% theoretically represents a complete reset. However, what is measured here is not the price, but the net flow change calculated based on a very small initial value. While the previous net inflow was almost zero, strong outflows in a short period of time cause this rate to become excessively inflated.
So this data does not show that SHIB futures lost hundreds of percent of their value; It shows that positioning has changed drastically in a short time. Most likely, liquidation or rapid closing of leveraged long positions created this picture. The general downward trend in open interest data indicates that the existing risk has been cleared rather than new leverage entering the market. This situation suggests that short-term traders have withdrawn from the market and long-term capital has not yet come into force strongly.
In parallel with these developments, Dogecoin saw a similar picture in the crypto market. 
$0.1315 It is also possible to see it on the (DOGE) front. It is reported that open positions in DOGE futures have decreased in recent days and short-term speculative transactions have withdrawn. This shows that there is a general risk aversion tendency in the meme coin group.
On the other hand, the recent sudden volume increase on the Pepe (PEPE) side and the subsequent sharp withdrawal once again revealed how quickly leveraged transactions can change direction in such assets. Similarly, in PEPE, it was observed that short-term investors exited the market and the price followed a horizontal course for a while.
