Shiba Inu (SHIB) Trading Volume Jumps 76% to $56.11 Million

Volume Spike Amid Broad Selling

Shiba Inu (SHIB) trading volume jumped 76.28% over the last 24 hours to $56.11 million, a burst of activity that landed as renewed selling pressure swept through the crypto market early on Monday. The dog-themed memecoin fell 1.54% in the same window and was quoted at $0.00000438 as of 10:00 UTC; our live reading at the time of writing places the Shiba Inu (SHIB) price near $0.0000044, essentially flat since that quote and about 1.6% lower on the day. The move follows a fragile stretch of chart action in which the token slipped through a slide to $0.00000447 after losing the $0.00000500 handle, so Monday's turnover arrives on a market that was already defensive rather than one caught by surprise. Breadth makes the volume figure easier to read. Most of the top 100 cryptocurrencies were down between 1.5% and 13% at the start of the week, so Shiba Inu was repricing alongside the wider Altcoin segment rather than falling on token-specific news. Higher turnover during a drawdown usually carries two messages at once: existing holders are cutting exposure faster, and tactical buyers are stepping in at prices they consider cheap. The activity around the token leaned toward spot trading rather than leveraged positions, which, if the venue breakdown confirms it, would point to accumulation attempts at lower prices instead of pure capitulation. Volume by itself does not set direction. What it does establish is that conviction on both sides of the book has picked up, and that the next sustained move, in either direction, is likely to be made on heavier participation than last week's quiet drift.

Liquidations Pass $1.14 Billion

Leverage accounted for most of the damage. Roughly $1.145 billion in cryptocurrency positions were forcibly closed over the past 24 hours, and most of those closures came in the final six hours of the window as the sell-off gathered pace. Traders positioned for higher prices bore the heaviest losses: longs made up $1.03 billion of the total, which means the market punished the side of the book betting on a rebound. The mechanics are straightforward. When a position opened through contract trading falls below its maintenance threshold, the venue closes it automatically, and the resulting market order pushes the price toward the next cluster of thresholds, a chain reaction that turns an ordinary pullback into a cascade and explains why the dollar total climbed so quickly once prices began to slip. Where the pressure goes next depends on inflation. The consumer price index for October is due on Tuesday, and economists forecast a modest 0.2% monthly increase. The most recent producer price reading offers a caution: September producer prices rose 6.3% from a year earlier, the largest annual increase in more than three years. Hotter-than-expected numbers would strengthen the case for higher interest rates, making risk assets such as cryptocurrency less appealing relative to cash yields, and could extend the forced selling into a second session. A cooler print would remove the immediate macro trigger and leave the market to work through its own positioning without fresh encouragement. For Shiba Inu (SHIB) specifically, the read-through is direct: a market in forced deleveraging offers thin support on the way down, and the token's 1.54% decline, while modest next to the top-100 range, landed on top of an earlier slide from the $0.00000500 area.

Weak Momentum, Positive Funding

COINOTAG's own signals put numbers on that tone. Our composite shows SHIB in a downtrend with an RSI of 34.12 and a bearish MACD reading, momentum consistent with a market that is oversold but not yet flushed to an extreme. Positioning stays calm by comparison: the perpetual funding rate sits at a mildly positive 0.0066% with open interest near $7.64 million, so leveraged longs are still paying to hold their positions rather than fleeing them, and the Fear & Greed Index at 29 out of 100 places sentiment in fear territory without the capitulation extremes that often mark durable lows. Net Shiba Inu futures flow had already turned negative over three days before Monday's cascade, which fits the pattern of a market reducing exposure ahead of Tuesday's CPI release. The levels our SHIB technical analysis page tracks remain the reference points either way. A hotter print would extend this picture; a cooler one is the condition under which the current bearish reading stops holding.