Shiba Inu sees the outflow of 100 billion tokens from exchanges in 24 hours, while the price remains bearish.
Shiba Inu exhibits a notable disparity between its price performance and on-chain metrics. The token is trading near local lows, while experiencing significant capital outflows from exchanges.
Almost 100 billion SHIB tokens have left trading platforms in a 24-hour period. This movement represents one of the largest withdrawals recorded in recent months.
Exchange reserve data confirms the trend. Tokens are moving to private wallets instead of accumulating on trading platforms. The outflow pattern often indicates reduced selling pressure. Market participants prefer self-custody rather than keeping liquidity on exchanges.
The timing of these withdrawals is important. Large-scale withdrawals at depressed prices often precede stabilization periods. Historical patterns suggest that this behavior reflects accumulation rather than distribution. Holders show a willingness to lock positions instead of keeping inventory ready for sale.
Price action tells a different story. SHIB continues to trade below all major moving averages. The chart structure maintains a bearish setup. No confirmed reversal signals have been detected. At the time of writing this article, SHIB is trading around $0.000007742, suggesting a 2.5% increase in the last 24 hours.
