SHIB Futures Hold $63M as DailyCoin Reports Derivatives Activity
Shiba Inu (SHIB)
Editor:
Eugene Serbin
DailyCoin reports that Shiba Inu’s derivatives market remains active despite recent liquidations, with open interest sitting at $63.26 million. Futures volume over the past 24 hours reached $73.78 million, marking a 35.79% increase that signals an active trading environment rather than a quiet one. Outstanding positions remain larger than a full day’s turnover, indicating that significant capital is still at risk.
The long versus short ratio has flipped bullish, suggesting that bulls are attempting to push the price higher. Liquidations have removed some traders from the market, clearing heat without automatically determining the near-term direction. Derivative activity is described as relatively subdued, with calmer trading despite the large open interest book.
This combination of thinning volume and a sizable futures book suggests the market could become jumpy when real buying or selling pressure returns. The key indicator for the near future is whether traders will reload positions after this round of liquidations or continue to step back. The $63 million figure serves as the headline, but the movement of that number will provide the real signal.
Open interest falling after liquidations typically indicates that leverage is being cleaned out of the system. The market remains large enough to shape short-term price action even without a full-blown derivatives frenzy. Traders are watching to see if the crowding on one side of the trade triggers another chain of forced closures.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 18 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for SHIB shows a buy ratio of 35.5% over the last hour, which is lower than the 52.7% recorded over the past four hours. This drop in the short-term buy ratio suggests that immediate buying pressure is fading compared to the slightly longer four-hour window. Volume delta for the hour is negative at -$71,791, indicating that sell volume exceeded buy volume in that timeframe. Over the past 24 hours, the buy ratio sits at 45.8% with a negative volume delta of -$397,415, confirming that selling pressure has dominated the day. The cumulative volume delta closed at -$98,763, showing that net selling has persisted throughout the day. Spot volume totaled $4,729,630 across 28,189 trades, reflecting moderate activity. The data indicates that while buying exists, sellers have controlled the flow over the last day and hour.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Comparing today’s activity to the preceding week, the 24-hour buy ratio of 45.8% is slightly below the seven-day average of 47.8%, a difference of 2.1 percentage points. Volume for the day was 1.26 times the weekly average, indicating that trading activity was heavier than usual despite the lower buy ratio. Over the eight-day period, the total volume delta was negative at -$1,168,319, with net buying occurring on only two of those seven days. This suggests that the recent day is consistent with a broader trend of net selling pressure rather than an isolated event. The price has changed by only +2.4% over the eight-day period, showing limited movement despite the volume spike. This context places the current day as a period of elevated volume but persistent selling dominance relative to the weekly norm.