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Altcoins & DeFi

Shiba Inu (SHIB) Spot Flows Skyrocket 215% in 8 Hours: 3 Key Price Signals to Watch

Image: U.Today

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.

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