Shiba Inu continues to capture market attention as the year draws to a close. The meme coin has experienced notable activity in derivatives markets despite struggling to maintain upward momentum in recent trading sessions.
Data from CoinGlass reveals substantial movement in SHIB futures contracts over the past day. The token recorded $6.71 million in futures outflows during this period. This figure represents approximately 933.89 billion SHIB tokens leaving futures markets.
The outflow pattern indicates derivatives traders are taking buying positions. This activity occurs as Shiba Inu attempts to stage a recovery before the calendar flips to 2026. The token fell to $0.00000698 during the Christmas holiday period. Bulls tried to push prices higher but failed to establish a clear directional move.
Price Action Reflects Cautious Market Sentiment
Shiba Inu has settled into range-bound trading between $0.00000698 and $0.00000729. The token remains within this narrow band at the time of reporting. Current trading shows SHIB up 2.69% over 24 hours at $0.00000734. However, weekly performance paints a different picture with a 2.83% decline.
SHIB’s price action over the past 24 Hours (Source: CoinCodex)
The sideways price movement reflects broader market dynamics. Investors are recalibrating their risk tolerance as the year ends. SHIB has trended downward for several weeks, testing the patience of bullish traders.
Source: https://coinpaper.com/13418/shiba-inu-s-move-before-new-year-could-change-everything-in-2026
