• More than 50 billion SHIB left exchanges as outflows exceeded inflows by a wide margin. • Active, sending, and receiving addresses increased, showing stable network participation despite re
• More than 50 billion SHIB left exchanges as outflows exceeded inflows by a wide margin.
• Active, sending, and receiving addresses increased, showing stable network participation despite recent price weakness.
• SHIB exchange reserves continued declining while technical indicators remained bearish following a wedge breakdown.
Shiba Inu investors withdrew more than 50 billion SHIB from exchanges over the past 24 hours, signaling growing accumulation despite the token’s ongoing price weakness. Recent on-chain data shows exchange outflows significantly exceeded inflows, reducing the amount of SHIB available for immediate selling and suggesting that some holders are positioning for a longer-term recovery.
Data from CryptoQuant shows exchange inflows reached approximately 205.6 billion SHIB during the period. Meanwhile, exchange outflows climbed to around 256.5 billion SHIB. As a result, netflows stood at roughly negative 50.8 billion SHIB.
In the cryptocurrency market, negative exchange netflows often indicate that investors are moving assets into private wallets rather than preparing them for sale. Consequently, continued withdrawals can point to rising confidence among holders, even when prices remain under pressure.
The latest figures stand out because SHIB has struggled to regain momentum in recent weeks. Nevertheless, wallet activity suggests some investors are taking advantage of lower prices to increase their holdings.
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Several on-chain indicators also showed signs of resilience during the same period. Active addresses increased by about 1%, while both sending and receiving addresses recorded gains. These improvements indicate that network participation remains relatively stable despite the recent downturn. In many bearish periods, activity tends to decline alongside prices. However, current data suggests SHIB users continue interacting with the network at a healthy pace.
Additionally, exchange reserves continued to trend lower. The total amount of SHIB held on trading platforms declined again during the latest reporting period. Lower exchange reserves reduce the number of tokens readily available for sale. Moreover, this trend can help ease selling pressure if demand begins to recover. Although reserve declines do not guarantee price gains, they often create more favorable market conditions over time.
Despite the encouraging on-chain developments, SHIB’s technical outlook remains challenging. The token recently broke below a rising wedge pattern that had been developing for several months. That breakdown triggered additional selling pressure and pushed SHIB below several major moving averages. Although the asset staged a modest rebound afterward, it continues to trade beneath important resistance levels.
This creates a noticeable divergence between on-chain behavior and price action. While technical indicators remain cautious, blockchain data points to increasing accumulation activity. If exchange outflows continue surpassing inflows by tens of billions of SHIB each day, available exchange supply could continue shrinking. Consequently, the current correction may help establish conditions for a stronger recovery once broader market sentiment improves.
While bulls have yet to regain control of the chart, the latest on-chain data suggests accumulation activity is increasing beneath the surface. For now, exchange netflows are presenting a more constructive picture than price action alone.
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