Shiba Inu is seeing another substantial shift in exchange flows, with roughly 406 billion SHIB separating the latest inflow and outflow figures. The data currently favors withdrawals, potentially reducing the amount of SHIB immediately available for sale while the token attempts to maintain its recent recovery.
Pressure on exchanges
Exchange inflows currently stand at approximately 287.2 billion SHIB, while outflows have reached 356.7 billion. More importantly, total exchange netflow is negative at roughly 101.2 billion SHIB. Negative netflow generally indicates that more tokens are leaving centralized exchanges than entering them, which can reduce immediate sell-side liquidity.
Exchange reserves support this interpretation. Total SHIB held on exchanges declined 0.11% over 24 hours to approximately 88.03 trillion tokens. The dollar value of those reserves fell 1.42% to around $519.4 million.
However, the picture is not uniformly bullish. The seven-day moving average of mean exchange outflows has collapsed 51.4%, suggesting that the intensity of withdrawals has weakened substantially. Active addresses are also almost unchanged, rising just 0.87%. In other words, there is no obvious explosion in network demand accompanying the exchange withdrawals.
Market Uncertainty
SHIB currently trades around $0.00000589 after recovering strongly from September’s sub-$0.00000500 levels. Crucially, the price remains above the major long-term moving average near $0.00000565. That level has repeatedly attracted buyers during recent corrections and now represents the most important immediate support.
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On the upside, SHIB continues to struggle with the $0.00000600–$0.00000610 region. Multiple attempts to establish a sustained breakout have failed, while the September peak around $0.00000630 remains the larger technical barrier.
The RSI remains moderately bullish without reaching overbought territory, so momentum itself does not prevent another breakout attempt.
The exchange data therefore gives SHIB some support, but 406 billion tokens alone are unlikely to determine its direction. Bulls still need to convert declining exchange reserves and negative netflows into actual demand. A breakout above $0.00000610, followed by $0.00000630, would provide that confirmation. Losing $0.00000560 instead would undermine the current recovery and expose SHIB to another move toward $0.00000540–$0.00000500.
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