The cryptocurrency market can be unpredictable, and Shiba Inu's recent -1,813% spot flow loss has sparked concern among investors.
However, upon closer examination, it becomes clear that this figure is not as dire as it seems. The large percentage change is due to a denominator problem, where the low starting point of inflows during a prior interval leads to an exaggerated result when outflows spike.
Looking at the bigger picture, exchange reserves for Shiba Inu have been increasing, with over 81 trillion $SHIB currently held. This typically indicates more pressure to sell rather than panic or bullish accumulation.
The price chart shows that Shiba Inu is still trading below important moving averages, including the 50 and 100 EMA, which serve as dynamic resistance. The asset has formed a small consolidation structure in an effort to stabilize, but there hasn't been a clear breakout yet.