
Jakarta, Pintu News â Shiba Inu (SHIB) derivatives activity is suddenly bustling as crypto sentiment improves and the majority of assets move higher. Futures inflow-outflow data shows a shift in trader positioning that usually comes ahead of the next price move. However, other indicators suggest the cryptocurrency market is still cautious.
In the last 12 hours, SHIB futures inflows stood at $5.41 million while outflows stood at $4.65 million. The difference in these flows resulted in a reported netflow surge of +631%, indicating an adjustment in derivatives tradersâ positions. Practically speaking, this metric is often read as increased short-term interest, rather than certainty of trend direction.
To make it easier to understand in rupiah (1 USD = IDR16,919), the flow of funds figure is equivalent to the following value. This helps you see the amount of capital moving without having to think in dollar terms. However, derivative fund flows can still change quickly with the volatility of the crypto market.
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At the time of the report, SHIB rose about 2.27% in 24 hours to $0.00000564. However, on a 7-day basis, SHIB is still down about 7.4%, indicating that the recovery has not fully recouped the previous weakness. In the cryptocurrency market, the combination of âdaily green, weekly redâ is usually read as a technical rebound that still needs confirmation.
If converted, the price of $0.00000564 is equivalent to about Rp0.095 per SHIB. This minuscule amount of rupiah per token also explains why the percentage movement appears large despite the slight nominal change. For novice crypto investors, a more relevant focus is usually on the percentage change and liquidity, rather than the rupiah per token alone.
Despite stronger futures flows, SHIB open interest is said to have only risen by about 0.3% in 24 hours. This could be read as a signal that the rise in activity has not been fully followed by a widespread increase in open positions. In the context of crypto derivatives, flat open interest often means that the market has not shown strong collective conviction.
For you, it is important to distinguish âshort-term inflowsâ from âsustained position accumulation.â Flows can increase due to rapid capital rotation, while open interest describes how much of a position remains. As such, the signals tend to be mixed: there is activity, but not necessarily a consensus on direction.
SHIB reportedly briefly reversed course after several days of declines, including a recovery from the recent low area. But the crypto market in general is said to be still âon the edge,â with sellers taking profits on small rallies. This pattern often makes short rallies easy to break when demand is not strong enough.
With such a backdrop, SHIB is in a position to be sensitive to the direction of the broader cryptocurrency market sentiment. If Bitcoin (BTC) and major assets weaken, meme coins are usually affected due to their higher risk profile. As such, reading SHIB without the main market context often leads to biased conclusions.
The report said that SHIB had touched a low area of around $0.00000526 on March 3, 2026 before bouncing. If converted, this level is equivalent to about IDR0.089 per SHIB, so the distance to the price of IDR0.095 is relatively thin in nominal terms. In micro-price analysis like this, small differences can look big in percentage terms.
For those of you monitoring cryptocurrencies, local lows often serve as short-term risk benchmarks. If prices approach these areas again, the market is usually testing whether selling pressure is still dominant or starting to weaken. However, these levels still need to be viewed alongside volume and broader crypto market conditions.
The report also mentioned that investors are waiting for the release of US economic data such as weekly jobless claims and the nonfarm payrolls report. In practice, macro data can change interest rate expectations and affect risk assets, including crypto and cryptocurrencies. When macro volatility rises, altcoins and meme coins are often the quickest to react.
Therefore, the spike in SHIB derivative metrics is more accurately read as a positioning signal, rather than a one-way conclusion. If macro conditions trigger risk-off, derivative signals can quickly reverse. Conversely, if global sentiment improves, trader positioning could develop into a more persistent trend.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.