Shiba Inu Spot Flows Jump 215% in 8 Hours, but the Money Behind It Is Tiny
- —24-hour spot volume is $6.37 million versus $21.99 million in futures
- —Open interest sits at $52.56 million; 24-hour liquidations were $92,820, mostly longs
- —SHIB trades below all key averages, which run from $0.00000527 to $0.00000561
- —Support sits at $0.00000474–$0.00000483; a break opens the way to $0.00000440
Why it matters: The 215% flow spike reflects thin liquidity rather than real demand; a daily close above $0.00000527 is needed to signal a reversal.
Source: U.Today