Shiba Inu saw a sharp burst in spot-market activity over the last 12 hours, with spot flows surging 658.56% as the broader crypto market recovered from an earlier pullback.
In the latest reporting window, SHIB spot inflows reached about $2.52 million, while spot outflows came in near $2.25 million. That left a net inflow of roughly $268,940, showing a clear short-term gap between funds moving into and out of exchanges and pointing to renewed trading activity.
Spot activity picks up as traders return
According to CoinGlass data, the rise in spot flows reflected heavier movement between exchanges and wallets. That kind of shift often signals that traders are becoming more active again, and SHIB drew added attention during the market rebound.
Price action also turned positive. At the time of reporting, SHIB was up 2.65% over the past 24 hours, trading near $0.000005437. The move followed several days of decline, with buying interest reappearing after the meme coin had been under pressure.
Open interest rises with leverage exposure
Derivatives data showed the same pattern. SHIB open interest climbed 9.39% over the last day to about $62.98 million, indicating that leveraged positions expanded alongside the increase in spot activity.
Higher open interest often suggests that market participants are adding fresh positions instead of closing existing ones. With both spot netflows and derivatives exposure moving up, traders appear to be increasing SHIB exposure across more than one market segment.
Volatility tightens while traders watch resistance
Over the past week, SHIB has shown signs of consolidation after recent volatility. Early Monday, the token moved toward $0.00000548 after reversing a four-day drop. Earlier this month, it had climbed to $0.00000587.
On the technical side, weekly Bollinger Bands continued to narrow, a sign that volatility is tightening. Traders are watching short-term resistance near $0.00000587 and $0.00000653, while support is sitting around $0.00000526. The market is also tracking U.S. inflation data due on March 11, which could affect expectations for Federal Reserve policy and risk assets such as cryptocurrencies.