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Divergence

<p>The figure is chilling, and it is no coincidence. Futures contracts on Shiba Inu recorded a 666% explosion in their flows in a very short period. Behind this symbolic figure lies a much more nuanced market reality. Is the SHIB bearish trend really about to reverse?</p><div class="in-brief"><div class="in-brief--container"><span class="in-brief--border-top"></span><span class="in-brief--border-bottom"></span><h2 class="in-brief--title" id="in-brief">In Brief</h2><ul><li>SHIB futures contract flows exploded by 666% over a short period, revealing intense speculative activity.</li><li>SHIB price remains below its major moving averages, in a still bearish chart structure.</li><li>More than 531 billion SHIB were sent to exchanges at the beginning of March, increasing selling pressure.</li></ul></div></div><h2 id="h-666-un-chiffre-qui-cache-une-realite-bien-plus-nuancee">666%, a figure that hides a much more nuanced reality</h2><p>This Thursday, March 5, 2026, market data shed light on a striking phenomenon: flows on <a href="https://www.cointribune.com/quest-ce-que-shiba-inu-inu/" rel="noopener noreferrer nofollow">Shiba Inu</a> futures contracts recorded a 666% increase over a short timeframe.&nbsp;</p><div class="my-4"><div class="ads "></div></div><div class="affiliate-button"><a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1632019/15871" rel="noopener noreferrer nofollow">Your 1st cryptos with Bitpanda</a><a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a></div><p>This spectacular jump, almost symbolic by its number, signals a sudden wave of speculative positions around the famous dog-themed token. In short, traders rushed into derivative markets, anticipating a significant price move, up or down.</p><p>At that time, SHIB was trading around $0.0000056, with a slight intraday recovery. However, this rebound does not hide the essential point: the chart structure remains deeply bearish. The price still trades below its 50-day and 200-day moving averages, two trend lines that continue pointing downwards, confirming sellers still firmly hold the reins.</p><figure class="wp-block-image size-full"><img width="855" height="526" src="https://www.cointribune.com/app/uploads/2026/03/image-29.png" alt="SHIB/USDT Chart — Source: TradingView" class="wp-image-931417"><figcaption class="wp-element-caption"><em>SHIB/USDT Chart. Source: TradingView</em></figcaption></figure><p>For several weeks, SHIB has formed a series of descending triangles on its chart. Each time, the pattern resolved downward. The current configuration follows the same pattern: the price sticks to the lower boundary of the structure, without real upward momentum.&nbsp;</p><p>This technical context partly explains why derivative markets are heating up: operators are placing their bets before what looks like a new critical support test.</p><p>Added to this is a worrying on-chain signal noted in early March: more than <a href="https://u.today/shiba-inu-prints-mark-of-the-beast-in-666-futures-flow-spike" rel="noopener noreferrer nofollow">531 billion SHIB were then transferred to exchanges</a> in barely 24 hours. An inflow volume well above usual trends, often associated with a desire to sell rather than accumulate. On illiquid markets like weekends, this kind of movement can significantly amplify volatility.</p><h2 id="h-bitcoin-solide-shib-fragile-une-divergence-qui-en-dit-long">Solid Bitcoin, Fragile SHIB: A Divergence that Speaks Volumes</h2><p>The comparison to Bitcoin is revealing. While SHIB sinks into a prolonged bearish trend, BTC shows a much sturdier chart structure, with momentum oriented toward $72,000 after consolidating around $63,000.&nbsp;</p><p>This divergence is no accident: it illustrates the hierarchy of capital flows during uncertain times. Investors prefer positioning on the strongest asset, leaving speculative altcoins like SHIB behind.</p><p>For Shiba Inu to regain momentum, first <a href="https://www.cointribune.com/en/bitcoin-crosses-73000-buyers-regain-control/" rel="noopener noreferrer nofollow">Bitcoin would need to stabilize sustainably above $72,000</a>. This psychological level could trigger risk appetite and encourage capital to flow into more volatile assets, especially memecoins. But we are not there yet.</p><div class="my-4"><div class="ads "></div></div><p>The 666% peak in futures flows confirms traders are watching SHIB closely, but watching is not buying. As long as the price does not reclaim its key moving averages and <a href="https://www.cointribune.com/btc-comment-ca-marche/" rel="noopener noreferrer nofollow">Bitcoin</a> does not show a sustained acceleration signal, Shiba Inu remains in the red zone. The next move will be decisive: rebound or final capitulation.</p>

Derivative Markets Explode on Shiba Inu: Should We Worry?

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