Shiba Inu Exchange Data Shows 63.49 Billion SHIB Net Inflow as Holder Confidence Remains Weak
Shiba Inu (SHIB) is trading near $0.00000503, while exchange data points to continued selling pressure and limited movement of tokens into private wallets. The latest figures show 538 withdrawal transactions, a relatively small number for a cryptocurrency with a large holder community.
Although withdrawals outnumber deposits by transaction count, the total volume tells a different story. Exchange inflows reached 247.06 billion SHIB, compared with outflows of 183.58 billion SHIB, leaving a net inflow of 63.49 billion SHIB. The imbalance suggests more tokens are entering exchanges than leaving them, potentially increasing the amount of SHIB available for sale.
SHIB Exchange Net Inflow Remains Negative for Buyers
The exchange netflow declined by 5.42% over the past 24 hours, indicating that the inflow pressure has eased somewhat. However, the reading has not shifted in favor of buyers, as the overall balance still shows more SHIB moving onto exchanges than being withdrawn.
Exchange reserves stood at 87.11 trillion SHIB after increasing by 0.07% in one day. The rising reserve suggests that holders are not moving substantial amounts of their tokens into private wallets, a pattern that can sometimes accompany longer-term accumulation.
Investors who expect prices to rise may choose to withdraw tokens from exchanges for self-custody. The current withdrawal figures, however, do not show strong evidence of that behavior among SHIB holders.
Shiba Inu Price Struggles to Recover Above $0.000005
SHIB's technical picture also reflects a weak market. The token fell from around $0.00000600 in early October before finding support near $0.00000480. It has since formed a small green candle, but the recovery remains limited, with trading volume still low.
The relative strength index (RSI) is near 40, indicating that selling pressure continues to outweigh buying momentum. While the latest price movement suggests some stabilization, the available indicators do not yet confirm a sustained reversal.
Key SHIB Resistance and Support Levels
The first resistance level is the orange moving average near $0.00000526. Above that, the blue moving-average line sits around $0.00000534, while the black line near $0.00000560 represents a more significant barrier.
A move above these levels would provide stronger evidence that SHIB is regaining momentum. On the downside, the $0.00000480 area remains an important support level. If buyers fail to defend it, the price could decline toward $0.00000460.
A more convincing recovery would require both an increase in withdrawals from exchanges and stronger trading volume during upward price movements. Until those conditions emerge, the limited withdrawal activity and continued net inflows suggest that confidence among SHIB holders remains subdued.
source: u.today
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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