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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.
Spot activity is barely there
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.
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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.
Longer-term dynamic for SHIB
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.
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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.