Update
Shiba Inu Spot Flows Surge 215%
A 215% increase in Shiba Inu (SHIB) spot flows has been observed, reaching about $35,000 in a short period despite ongoing price weakness. The actual net inflow is small for an asset valued at $2.93 billion. Market participants should focus on broader trading activity rather than the percentage increase, which came from a very small base. Spot volume over the last 24 hours was only $6.37 million, while futures volume was $21.99 million, indicating a preference for derivative products over direct coin purchases. The Relative Strength Index (RSI) is near 37, suggesting weak momentum, but the market has not yet reached oversold territory. Support levels remain in place, with a recent support area around $0.00000474.