Shiba Inu Jumps 39% Over the Weekend as Spot Inflows Hit a Multi-Month High
AI Market Summary
Shiba Inu outperformed major crypto assets after a ~39% weekend surge, driven primarily by the strongest spot inflows in months and rising active addresses, suggesting accumulation-led demand rather than leverage. Derivatives open interest rose modestly, but a sharp jump in derivatives volume alongside negative funding rates signals growing hedging/short positioning and near-term retracement expectations. Overall, flows imply stronger spot sponsorship but more two-way risk.
Impact level
● Medium
Affected assets
1000SHIB/USDT+6.54%
AI Insight · 1000SHIB/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Shiba Inu (SHIB) led gains among the top 50 cryptocurrencies over the weekend, climbing about 39% from Friday's low to Sunday's high as spot-market demand surged.
SHIB bottomed near $0.00000421 on Friday before rallying to roughly $0.00000583 early Sunday, returning to levels last seen in May. The move cooled afterward, with the token pulling back to around $0.00000512 at the time of writing amid signs of profit-taking. RSI readings also indicated overbought conditions.
Spot flows were the main driver. Analyst SHIBMortal pointed to a notable liquidity influx, particularly from South Korean exchanges. CoinGlass data showed SHIB recorded more than $5 million in positive net spot flows on Saturday alone, the largest single-day spot inflow in over nine months.
The inflow surge arrived as SHIB had been consolidating after a prolonged decline and hovering near historical lows. Recent accumulation signals had been building, and the Saturday liquidity injection helped propel the breakout.
Looking ahead, short-term spikes often invite a retracement, and broader sentiment has yet to shift decisively in favor of further upside. Still, on-chain and market positioning suggest spot demand remains constructive. CryptoQuant data showed active addresses rising from about 1,630 on 19 July to more than 3,150 by 25 July.
Derivatives activity increased as well, though it lagged during the key Saturday surge, reinforcing that spot was in control. Open interest rose from roughly $30 million on 20 July to about $48 million at press time. Over the past 24 hours, derivatives volume jumped by more than 2,000%, alongside a move deeper into negative funding rates, a pattern often associated with expectations for a near-term pullback.
The divergence between negative funding and ongoing spot accumulation may reflect two competing views: a short-term retracement risk versus longer-term positioning for additional recovery in the months ahead.
Note: This article is for informational purposes only and does not constitute financial advice. Readers should consult a licensed financial adviser or other qualified professional before making investment decisions.
