Shiba Inu 658% Jump in Spot Flows as Activity Picks up for SHIB
Analysis
Price Impact
MedA 658% increase in spot flows suggests a significant uptick in trading activity, potentially indicating rising demand or supply in the market. coupled with rising open interest, this points to increased speculative interest.
Trustworthiness
MedThe data is sourced from coinglass, a reputable crypto analytics platform. however, the interpretation of 'spot flows' can be complex and doesn't always directly translate to price action. market recovery context also plays a role.
Price Direction
BullishThe increase in spot flows and open interest, combined with the contracting bollinger bands suggesting consolidation for a potential move, points towards upward price pressure. the recent price reversal from a four-day drop also supports this.
Time Effect
ShortThe surge in spot flows and open interest is a short-term indicator. the price movement will likely be influenced by immediate market sentiment and upcoming economic data releases.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu saw a 658% increase in spot flows in the last 12 hours, CoinGlass data indicates. The increase comes amid a market recovery, with most crypto assets returning to green after an earlier sell-off. The increase remains significant as spot flows might indicate market supply or demand. Advertisement At the time of writing, SHIB was up 2.65% in the last 24 hours to $0.000005437. According to CoinGlass data , Shiba Inu spot inflows came in at $2.52 million, while spot outflows arrived at $2.25 million. The difference, which is $268,940, yields a spot netflow spike of 658.56%. HOT Stories 20,000,000th Bitcoin Finally Mined, How Much BTC Is Left After Major Milestone? Breaking: Strategy Buys $1.3 Billion Worth of Bitcoin (BTC) You Might Also Like Thu, 03/05/2026 - 15:16 Shiba Inu +631% in Derivatives: Traders Sensing Next Move? By Tomiwabold Olajide Advertisement Shiba Inu's spot flow surge coincides with rising open interest. SHIB open interest has risen 9.39% in the last 24 hours to $62.98 million as leverage builds on the market. SHIB price action Shiba Inu price reversed a four-day drop following a surge to $0.00000587 on March 4. Shiba Inu rose to $0.00000548 early Monday, near where it currently trades. Shiba Inu's Bollinger Bands are contracting on the weekly chart. This classic technical signal suggests the meme coin might be consolidating for a potentially major move. The narrowing of the bands follows consecutive weekly price drops, with the SHIB price falling in the last three weeks. Advertisement You Might Also Like Mon, 03/02/2026 - 10:17 Shiba Inu (SHIB) Price Reset Point: Three Oversold Indicators, 20% Potential By Arman Shirinyan The next resistance targets for Shiba Inu in the short term are at $0.00000587 and $0.00000653, while support is expected at $0.00000526. The broader crypto market action will be watched with respect to Shiba Inu's price recovery. U.S. inflation data is the major catalyst to watch this week, as it could move the needle on market sentiment and Federal Reserve interest rate cut potential. For economic data, U.S. CPI and Core CPI data are scheduled for March 11, while the personal consumption expenditures index and JOLTs job opening figures for January are expected on Friday. #Shiba Inu (SHIB) News #Shiba Inu