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SHIB Shiba Inu exchange outflows surged 121%, but faster growth in inflows weakened bullish signals
Although Shiba Inu (SHIB) exchange net outflows surged 121.26%, the effectiveness of this potential bullish signal has been significantly weakened due to the larger Deposit size, resulting in recent selling pressure remaining significant. Data shows that the positive net inflow of 86.53 billion SHIBs has increased exchange reserves, indicating that on the monitored trading platforms, the overall deposit volume far exceeds the withdrawal volume.
SHIB must defend the key support level of $0.0000500. If buyers are unable to absorb existing exchange liquidity, weak market momentum will cause prices to face lower downward targets.
Detailed explanation of exchange data: Deposits far exceed withdrawals
Chain data shows that during the statistical period, SHIB's seven-day average exchange outflow was approximately 579 million coins. Normally, exchange withdrawals mean that the holder transfers the tokens out of the platform, thereby reducing the circulating supply that can be sold at any time. When the amount withdrawn exceeds the amount deposited, continued outflows help relieve selling pressure.
However, the increase in exchange inflows recorded by Shiba Inu was even more alarming, limiting the positive impact of increased withdrawals. During the statistical period, SHIB's seven-day average exchange inflows surged 182.3% to approximately 1.68 billion coins.
Specifically, the total inflow was 318.28 billion SHIBs, while the total outflow was 231.74 billion tokens. This difference resulted in a net inflow of 86.53 billion SHIBs, confirming that deposits on the exchange are still much higher than withdrawals. In addition, exchange reserves increased by 0.1% to approximately 87.29 trillion SHIBs, providing investors with sell-off liquidity.
Key support levels are under pressure, and bulls need to stick to their defense lines.
While market activity is intensifying, the price of SHIB hovers around US$0.00000520 after falling 4% below the daily K line. Its rally around $0.00000540 encountered resistance, while the main long-term moving average was at around $0.0000568.
Therefore, buyers must protect the $0.0000500 area to maintain the recovery structure established in August. Multiple moving averages converge around this price point, coupled with a rising short-term trend line, make the area critical to buyers.
In addition, the Relative Strength Index (RSI) fell to 53.7, reflecting weakening bullish momentum, but has not yet entered the oversold range. If buying activity strengthens, holding on to $0.0000500 may support prices in another attempt to break through resistance between $0.0000540 and $0.00000568.
Conversely, if there is a decisive break, the price may first test US$0.0000480 and then focus on the broader support area near US$0.0000440 during August. While increased withdrawals may remove some tradable supply, larger inflows suggest significant seller liquidity is still available.
Summary: Caution dominates the market
Positive net inflows and expanding exchange reserves have reinforced market caution, as both indicators point to increased exchange-based supply. Therefore, the future trend of SHIB depends on whether buyers can effectively absorb available liquidity while defending the US$0.0000500 support level.
Overall, growing outflows provide limited support, while stronger deposits and weakening momentum make Shiba Inu appear vulnerable near its price bottom.
