Shiba Inu Spot Inflows Surge 215% in Eight Hours as SHIB Price Remains Under Pressure
Shiba Inu (SHIB) recorded a sharp increase in spot inflows, with flows surging 215% over eight hours. However, the increase came from a small base, with net inflows during one hour totaling approximately $35,000 against a market capitalization of about $2.93 billion. The spike alone does not establish that substantial new demand is entering the market.
SHIB Spot Trading Trails Derivatives Activity
Trading data points to limited activity in the SHIB spot market. Twenty-four-hour spot volume stood at $6.37 million, compared with $21.99 million in futures volume. This gap suggests traders are more active in derivatives than in direct purchases of the token.
Open interest was $52.56 million, while liquidations over the previous 24 hours totaled $92,820, with long positions accounting for most of the liquidations.
SHIB traded near $0.00000499, down approximately 1.4% over 24 hours and nearly 8% over the week. The token has retreated from its September high of $0.00000627 and is trading below its 50-day, 100-day and 200-day moving averages.
Those moving averages range from approximately $0.00000527 to $0.00000561, creating overhead resistance that SHIB would need to overcome to strengthen its technical outlook.
Three SHIB Price Levels to Watch
The relative strength index (RSI) is near 37, signaling weak momentum but not yet indicating oversold conditions. Trading volume has also declined following spikes in August and September, pointing to reduced market activity.
On the downside, SHIB has found support around $0.00000483 this week, after previously bouncing from $0.00000474 in mid-September. A daily close below this support area could expose the token to a further decline toward $0.00000440, a level where buyers emerged in August.
On the upside, $0.00000527 is the first level to monitor. A move above that threshold could put $0.00000550 into focus. A broader reversal would require a daily close above the 200-day moving average, near $0.00000561.
Long-Term Performance and Trader Positioning
SHIB's longer-term performance remains mixed. The token is down approximately 28% year to date and nearly 49% over the past 12 months, although it has gained about 20% over the past 90 days.
One indication of continued bullish positioning is the OKX long-to-short ratio, which stands at 2.76. The figure suggests that traders on the platform remain tilted toward long positions, even as SHIB trades below its major moving averages.
The recent spot-flow increase remains a limited signal without stronger confirmation from the broader market. Sustained net inflows, rising spot volume and a close above $0.00000527 would provide clearer evidence of improving demand. Until those conditions emerge, SHIB may continue trading within a narrow range, with support around $0.00000474 remaining an important level to watch.
source: u.today
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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