Large Holders Move Fast After Price Hits Local Bottom Shiba Inu ($SHIB) saw a sharp wave of accumulation in late June after its price touched a local low of $0.00000415 on June 25. According
Shiba Inu ($SHIB) saw a sharp wave of accumulation in late June after its price touched a local low of $0.00000415 on June 25. According to CryptoQuant data cited by U.Today, the daily RSI fell to 21.84 at that point, deep into oversold territory, and investors responded almost immediately with a sustained withdrawal campaign from exchanges.
In the first 24 hours after the price bottom, net exchange outflows reached 158.35 billion SHIB. The withdrawals did not stop there. From June 25 through June 28, netflow readings remained consistently negative, meaning more tokens were leaving exchanges than entering them. Even when the price continued sliding on June 27, a fresh wave of buying pushed the four-day total to 443.2 billion SHIB removed from trading platforms.
That pattern is notable. In a typical sell-off, declining prices tend to push retail holders toward exchanges as they look to exit. Here, the dynamic ran in the opposite direction. As U.Today reported, free supply was being methodically absorbed rather than allowed to build up on order books, pointing to deliberate, large-scale positioning rather than opportunistic retail dip-buying.
Despite the accumulation signal, SHIB remains under pressure. The token is currently trading in a tight range around $0.0000041, and selling has not fully subsided. The Crypto Basic noted that exchange reserves fell from roughly 80.5 trillion to 80.37 trillion tokens in under 48 hours, reversing a brief inflow spike seen earlier in the week when approximately 749 billion SHIB moved onto platforms around June 23 and 24.
The net result is a tighter supply picture on exchanges, even if the broader price trend has yet to reflect it. Historically, extended declines in exchange-held supply have preceded periods of consolidation or sharper directional moves once market sentiment shifts. For now, the evidence points to a market where large capital is quietly building a position while the price remains range-bound and selling pressure lingers.
Traders and investors should note that oversold technical readings and exchange outflows are useful data points but are not, on their own, confirmation of a trend reversal.
Sources:U.Today: Shiba Inu Whales Buy Dip, Exchanges Lose 443 Billion TokensThe Crypto Basic: Shiba Inu Investors Withdraw Over 350 Billion SHIB From Exchanges
