Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu spot flows jumped more than 200% in the past hour, and the number looks big at first glance. The size of the money behind it is not. Net inflow in that hour was only approximately $35,000, on a coin with a market cap near $2.93 billion. A percentage change on a tiny base can look dramatic without moving the market.

The same data shows how thin spot activity is. Spot volume over 24 hours is just $6.37 million, while futures volume is $21.99 million. Traders are using derivatives more than they are buying real coins. Open interest sits at $52.56 million, and 24-hour liquidations were small at $92,820, mainly longs.

SHIB trades near $0.00000499, down approximately 1.4% on the day and almost 8% on the week. On the chart, it fell from the $0.00000627 high in September and now sits beneath the 50, 100, and 200-day moving averages . They run from approximately $0.00000527 to $0.00000561 and act as a ceiling.

The RSI is near 37, which indicates weak momentum but not an oversold market. Trading volume has also dwindled since the August and September spikes.

Support is near . SHIB bounced from $0.00000483 this week and from $0.00000474 in mid-September.

A daily close below that zone could open the way toward $0.00000440, where buyers stepped in during August. On the upside, the first test is $0.00000527. A move above it would bring $0.00000550 into view, and a full reversal needs a close above the 200-day line near $0.00000561.

Longer-term numbers show the damage. SHIB is down approximately 28% this year and almost 49% over twelve months, although it is up approximately 20% over 90 days. One positive signal is the OKX long-to-short ratio of 2.76, which indicates many traders still lean bullish.

So the spot flow spike is a small signal, not a reason to buy. Real demand would show up as steady net inflows and rising spot volume together with a close above $0.00000527. Until then, SHIB is more likely to stay in a tight range above $0.00000474.