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Following
SHIB As market risk appetite rebounds, Shiba Inu has once again become the focus of the cryptocurrency market. The latest online data shows that buyers are re-entering after a recent surge in selling pressure, indicating that this popular memecoin has once again gained attention.
Exchange outflows hit record, and SHIBs attract attention.
According to CryptoQuant data, in the past 24 hours, a total of more than 124 billion SHIBs have flowed out from mainstream exchanges, including Binance. CryptoQuant is an analytics platform that tracks blockchain data, focusing on monitoring exchange traffic, investor behavior and overall market sentiment.
Dictionary: Exchange outflow refers to the process of transferring cryptographic assets from an exchange wallet to a personal wallet. Although this indicator itself is not an absolute signal of price movements, it has attracted much attention from the market because it reduces the number of tokens available for quick sale.
Such a large outflow suggests that some investors are choosing to hold SHIB rather than sell it. When assets are withdrawn from exchanges, it also means that buyers are moving tokens into private wallets, which could tighten the circulating supply on the open market.
More than 124 billion SHIBs have flowed out of exchanges in the past 24 hours, a trend that reflects investors \'growing tendency to hold rather than sell in the short term.
SHIB prices rebound,\"zeroing\" target approaches
During the same period, SHIB prices have risen more than 2% in the past 24 hours, rising to approximately US$0.000004378 after a recent rebound. However, trading remained volatile within local ranges, sparking speculation about when a stronger breakthrough would occur.
Market participants believe that the optimism that has prevailed since the beginning of the month may translate into a clearer trend before the end of the month. Continued exchange outflows will further reduce available supply and support price upside potential.
Analysts calculate that for Shiba Inu to reach the level of US$0.00001 and eliminate a decimal zero, it will need to surge by more than 128% from the current price.
Analysts focus on 128% upside space
According to analysts \'forecasts, SHIB needs to rise more than 128% from current prices to hit US$0.00001. Despite the recent rebound, this goal shows that there is still a long way to go before retesting this psychological milestone.
However, recent on-chain developments confirm the active interest in the asset. In the next few days, whether exchange outflows continue and whether prices can break through the current narrow range will be the key to determining the short-term trend of Shiba Inu.
Although previous sell-offs led to sharp declines, the latest data suggests that investors are changing mentality, emphasizing holding rather than selling and tightening supply on trading platforms. This is consistent with a broader trend of participants moving positions from exchanges to personal wallets when market sentiment turns positive.
As the \"zeroing\" narrative returns to focus, encryption observers will pay close attention to SHIB prices for a new round of momentum signals. Given that more than 124 billion SHIBs have been withdrawn and the holding trend has strengthened, sharp fluctuations may occur in the coming weeks.
