Shiba Inu (SHIB) Adds 440% in Long-Term Spot Flows, Though Short-Term Picture Is Worrying
Shiba Inu is recording a major increase in spot-market capital flows, but the more recent data is less reassuring at this point in time. SHIB's eight-hour spot net-flow change has surged 440.65%, producing positive net inflows of approximately $506,680.Shiba Inu left outThe improvement extends across several longer intraday periods. Four-hour spot net inflows stand at $394,170, up 337.15%, while the 12-hour reading remains positive at $352,220. Over 24 hours, inflows of $6.72 million exceeded $6.11 million in outflows, leaving SHIB with approximately $613,500 in .On the surface, this suggests capital is returning to SHIB. The catch is that shorter-term flows have already started moving in the opposite direction.COINBASE:SHIBUSDT Chart by TradingView">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. More importantly, the three-day picture remains negative by approximately $388,160.Futures flows offer little additional reassurance. Net flows are negative across the five-minute, 15-minute, 30-minute, one-hour, four-hour and 12-hour periods shown, with the 12-hour reading reaching negative $433,240. Only the eight-hour period remains marginally positive.Price action is beginning to reflect this deterioration. SHIB trades around $0.00000550 after a sharp daily decline from the $0.00000580 region. The move has pushed the token back below its long-term moving average near $0.00000565, erasing one of the more important technical improvements from the September recovery.Market being tested$0.00000540–$0.00000545. Holding this area could allow another attempt to reclaim $0.00000560 and eventually $0.00000580–$0.00000600. A breakdown below $0.00000540 would be considerably more problematic, potentially exposing $0.00000520 and the psychologically important $0.00000500 level.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 suggest that buyers have not secured control of the market.