Shiba Inu (SHIB) Adds 440% in Long-Term Spot Flows, Though Short-Term Picture Is Worrying
Key Summary
Shiba Inu (SHIB) has seen a significant increase in long-term spot flows, with a 440.65% surge in eight-hour spot net flows, resulting in approximately $506,680 in positive net inflows. However, the recent short-term picture is less reassuring, with negative net flows in several shorter periods and a three-day picture of negative $388,160. This suggests that buyers have not secured control of the market, despite the long-term improvement.
Short-Term Concerns Overcome Long-Term Gains
The recent data shows a significant increase in SHIB's long-term spot flows, with a 440.65% surge in eight-hour spot net flows, producing positive net inflows of approximately $506,680. This improvement extends across several longer intraday periods, including four-hour spot net inflows of $394,170, up 337.15%, and a 24-hour reading of positive $613,500 in net flows. On the surface, this suggests that capital is returning to SHIB.
However, the catch is that shorter-term flows have already started moving in the opposite direction. Over the latest hour, SHIB recorded $211,140 in spot inflows against $247,370 in outflows, creating a negative net flow of $36,230. The 30-minute reading is similarly negative at $26,830.
The three-day picture remains negative by approximately $388,160. Futures flows offer little additional reassurance, with negative net flows across the five-minute, 15-minute, 30-minute, one-hour, four-hour, and 12-hour periods shown. Only the eight-hour period remains marginally positive. Price action is beginning to reflect this deterioration, with SHIB trading around $0.00000550 after a sharp daily decline from the $0.00000580 region.
The token has pushed back below its long-term moving average near $0.00000565, erasing one of the more important technical improvements from the September recovery. A breakdown below $0.00000540 would be considerably more problematic, potentially exposing $0.00000520 and the psychologically important $0.00000500 level.
A breakdown above $0.00000560 could allow another attempt to reclaim $0.00000580 and eventually $0.00000600. Holding this area could allow SHIB to recover and eventually break above $0.00000580 and $0.00000600. The 440% increase therefore shows that spot demand strengthened over the longer intraday window.
But weakening short-term spot flows, broadly negative futures flows and SHIB's loss of long-term technical support suggest that buyers have not secured control of the market. The situation remains uncertain and investors should exercise caution.