Shiba Inu mirrored the broader recovery trend in the cryptocurrency market, with a modest price increase paralleling gains observed in major crypto assets and top meme coins. However, the rec
Shiba Inu mirrored the broader recovery trend in the cryptocurrency market, with a modest price increase paralleling gains observed in major crypto assets and top meme coins. However, the recent uptick for SHIB was brief and limited, reflecting only a slight shift in market sentiment.
According to CryptoQuant data, Shiba Inu recorded a net exchange outflow of minus 106,971,400,000 SHIB at the time of reporting. This figure means that, over the last 24 hours, the amount of SHIB withdrawn from trading platforms exceeded the SHIB deposited to exchanges by more than 106.9 billion tokens.
Mini glossary: Net flow refers to the difference between the amount of a token entering and leaving exchanges. A negative value suggests that tokens are being withdrawn, which may indicate a decline in short-term selling pressure.
CryptoQuant points out that over the past 24 hours, SHIB outflows from exchanges surpassed inflows by 106.97 billion tokens, which has been interpreted as a short-term bullish signal by analysts monitoring the data.
In crypto markets, a negative net flow is typically seen as a positive sign, because investors withdrawing assets from exchanges might be less likely to sell them immediately. Recent data presented a similar outlook for SHIB, as significant amounts were moved out of trading platforms.
IndicatorValueNet exchange flow-106,971,400,000 SHIB24-hour price change+0.3%Approximate price$0.0000047Despite this clear outflow from exchanges, SHIB’s price has not managed to stage a strong recovery. CoinMarketCap data shows the token continued to trade near its multi-month lows, hovering around $0.0000047.
During this period, SHIB registered a 0.3% gain over the previous 24 hours, a movement too modest to indicate a definitive reversal and more akin to a minor, short-term rebound.
Although price gains remain subdued for now, the sharp drop in selling pressure combined with large withdrawals from exchanges point to a slightly improved short-term outlook for SHIB, according to market observers.
The latest metrics suggest that recent volatility is easing and downward pressure on SHIB is beginning to lessen. This dynamic has prompted a gradual restoration of investor confidence, with some market participants anticipating short-term price stabilization or a limited recovery.
Nevertheless, the current landscape offers no guarantee of a sustained uptrend. While increased outflows are considered positive, continued withdrawals and broader market support will be needed for a more lasting price rebound in SHIB.
The post Shiba Inu sees 107 billion SHIB outflow as price rises 0.3% appeared first on COINTURK NEWS.
