Shiba Inu Team Warns Traders After Longs Absorb $12.9M of $20M SHIB Liquidations

Longs Carry Two-Thirds of SHIB Liquidations

Longs took the heaviest losses in a $20 million liquidation wave that swept through Shiba Inu (SHIB) markets over the past 24 hours, absorbing $12.9 million of the total. A liquidation closes a leveraged position by force once its margin can no longer cover the loss. The warning came from the project's official account, which published a post on X telling traders, “Please take care of your trades. Bulls and more burns we need!” Shorts lost roughly $7 million in the same window, so the flush hit both sides of the book, but bullish positions carried about two-thirds of the damage. The plea for burns points to the token's supply-reduction mechanism, which our desk follows through its SHIB burn rate coverage.

@ShibainuCoin · X post

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The team backed the caution with derivatives figures published in the same post. Futures contracts, which let traders bet on the token's price with borrowed funds through margin trading, turned over $49.3 million across the window. Direct buying and selling of the token, measured as spot turnover, reached only $10.8 million. Derivatives activity therefore ran at roughly 4.5 times the cash market, a balance that leaves short-term price action driven by borrowed money rather than outright purchases, and small swings can trigger outsized forced exits. The risk cuts both ways in practice: a long-heavy book means a further dip pushes more leveraged buyers out, and every forced sale adds fresh selling pressure. Bullish bets on the memecoin still outnumber bearish ones at 2.71 to 1, a tilt that leaves the long side exposed if the market turns lower again. Shiba Inu (SHIB) changes hands near $0.00000468, down 3.7% over the past day, so the leverage overhang stands while the token drifts lower.

92 Billion SHIB Flows Onto Exchanges

On-chain exchange flow data adds a supply-side signal to the leverage picture. Trading venues received 324.28 billion SHIB over 24 hours while 232.21 billion left, producing a net inflow of about 92.07 billion tokens, the account reported in a separate data post on Thursday. Tokens sitting on an exchange can reach the order book at once, whereas coins held in self-custody, at a private wallet address, need a transfer before anyone can sell them. The team frames net flow as a primary gauge of whether holders are staging tokens for sale, and a positive print points toward readiness. The supply is arriving at a weak point for the token, which has lost roughly half its value over the past year, while Shibarium usage has collapsed in on-chain activity and organic demand has thinned. The current inflow is modest next to June, when whales sent 1.04 trillion Shiba Inu (SHIB) to exchanges in a single day, an episode that dwarfs the present reading. Whether these coins get sold or simply sit on venue balances is what the next flow readings will show. For now, futures desks rather than spot buyers set the tone for price, a pattern that fits a year of light demand, and our earlier note on the 92 billion token net inflow tracks the same reading in detail.

@ShibainuCoin · X post

The account reported in a separate data post on Thursday.

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COINOTAG's own derivatives readings add texture to the risk the team flagged. Perpetual funding sits at 0.0047%, a mildly positive print showing longs still paying to keep their side open even after absorbing $12.9 million in forced exits, while open interest stands at $8.87 million. Momentum reads bearish, with the relative strength index at 34.11 and the daily trend still down, and market-wide sentiment sits at 30 out of 100, in fear territory. The imbalance the sources measure, a 2.71 to 1 long tilt, is still standing after the flush. That book would feel a second leg down first, and the flow data says 92 billion more tokens sit one transfer away from the order book.