Shiba Inu (SHIB) Spot Flows Surge 1,546%, XRP Futures Spike 5,419% Amid Sell-Off

SHIB spot flows spike as price stays under pressure

Shiba Inu skyrocketed 1,546% in spot flows as crypto market intensifies sell-off.

• Inflow surge. Shiba Inu spot flows surged 1,546% in the past 24 hours, yet the token continues to trade in the red.

Despite a huge 1,546% jump in Shiba Inu spot inflows over the past 24 hours, the price of SHIB is still falling. Data from CoinGlass shows that $12.43 million worth of SHIB has moved from individual wallets to cryptocurrency exchanges in the last day.

• Sell-off. The inflow dominance coincided with a broader market sell-off on Wednesday.

Interestingly, over the last 24 hours, approximately $11.99 million worth of SHIB tokens were moved *from* exchanges to individual wallets. This movement suggests people are potentially holding onto their SHIB rather than selling it, as transfers to personal wallets often indicate a long-term holding strategy, while transfers to exchanges usually suggest an intention to sell or buy.

Recent market dips caused $714 million in crypto liquidations over the past 24 hours, according to CoinGlass. The majority of these liquidations were from traders who bet prices would rise (long positions), following a sell-off on Wednesday. The current influx of spot buying suggests a potential shift in market sentiment.

XRP futures activity skyrockets on Bitmex amid crypto market sell-off

Surge in derivatives activity follows as the broader crypto market experienced a sell-off.

• Futures spike. XRP futures volume on Bitmex surged 5,419% in the last 24 hours, reaching $82.27 million.

Over the past 24 hours, with increased volatility in the cryptocurrency market, XRP trading volume on the Bitmex exchange rose sharply.

XRP futures trading on Bitmex saw a huge increase in the last day, jumping 5,419% to $82.27 million, according to CoinGlass data. This rise in trading activity comes as the overall cryptocurrency market is experiencing a downturn, and XRP’s price is currently falling. As of today, XRP is down 0.78% over the last 24 hours, trading at $1.59, and is down 17.08% for the week.

• OI decline. XRP open interest fell 3.93% over the last 24 hours to $2.66 billion.

Data from CoinGlass shows that the number of open contracts has decreased for many cryptocurrencies, including XRP. Over the past 24 hours, XRP’s open interest fell by 3.93% to $2.66 billion.

CZ pushes back on Bitcoin manipulation claims

The former CEO of Binance doesn’t think anyone is controlling Bitcoin’s price, and believes attempting to do so would be incredibly risky.

• Market manipulation. CZ rejected claims that major players or exchanges deliberately manipulate Bitcoin’s price.

Binance founder Changpeng Zhao has denied claims that large investors or other exchanges are deliberately influencing Bitcoin’s price.

CZ argued that the major market crash around October 10th was due to overall economic news, not problems with currency exchanges or intentional market interference.

He also pointed out that he and Binance don’t personally gain from cryptocurrency trading. Furthermore, he explained that manipulating Bitcoin’s price would need an enormous amount of money – far more than most people would risk.

• Market participants. CZ argued that Bitcoin’s scale as a multitrillion-dollar asset makes sustained price manipulation unrealistic.

Zhao argues that Bitcoin’s massive size – now worth trillions of dollars – makes it nearly impossible to manipulate. Anyone trying to significantly change the price would risk losing a huge amount of money, making sustained manipulation impractical.

He acknowledged that no technology is foolproof and will occasionally experience downtime, but assured attendees that those affected by past outages received compensation.

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2026-02-05 22:32