Shiba Inu plunges 16% amid intense selling pressure: Can SHIB bulls hold on?

As the broader crypto pulled back, some memecoins have faced massive downside pressure. Similarly, Shiba Inu [SHIB] printed two daily red candles after surging to $0.0000062. In doing so, the memecoin dropped 16.13%  to $0.0000052 and rebounded slightly.

Since then, the downside has eased and slightly rebounded to $0.0000053 at press but is still down 5.4%. At the same time, trading volume dropped 63% to $140 million, suggesting a market cool-down.

Why is Shiba Inu falling?

As the global market conditions changed amid the renewed tariff war, crypto investors reduced exposure. Amid this shift, SHIB saw intense selling pressure across all market participants.

Over the past day, on the Spot market, Shiba Inu saw 3.8 trillion in sell volume compared to 3.4 trillion in buy volume. As a result, the buy-sell delta dropped to 0.4 trillion, a clear sign of aggressive spot selling.

The same pattern was observed on perps and Futures. Perps sell volume exceeded 1.32 trillion, while buy volume fell to 1.27 trillion.

The Perps market recorded a negative delta of -179 billion, with net buying also holding negative at 1.2 trillion.

On the Futures side, the memecoin recorded $16.17 million in futures outflows compared to 15.34 million in inflows. As a result, the Futures Netflow dropped to -833k, suggesting that traders have closed their positions.