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

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Shiba Inu spot flows surged over 215% in eight hours, but this move represents only $35,000 in net inflows on a cryptocurrency with a $2.93 billion market cap. Twenty-four-hour spot volume stands at just $6.37 million versus $21.99 million in futures volume, showing traders favor derivatives. SHIB trades near $0.00000499, down 1.4% on the day and nearly 8% on the week, now below its 50, 100, and 200-day moving averages ranging from $0.00000527 to $0.00000561. The token has lost 28% year-to-date and 49% over twelve months, though it gained 20% over 90 days. The OKX long-to-short ratio at 2.76 indicates bullish sentiment among traders, but a genuine buy signal would require steady net inflows and rising spot volume accompanied by a close above $0.00000527.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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