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SHIB Shiba Inu coins face selling pressure: Nearly 100 billion SHIBs flow into the exchange
Shiba Inu coins (SHIB) have encountered a new round of selling pressure in the past 24 hours, with nearly 100 billion coins flowing into the centralized exchange. On-chain data shows that during the period, the inflow of exchanges was approximately 96 billion SHIBs, and the outflow was approximately 112 billion SHIBs.
SHIB's technical dilemma
As an Ethereum-based memecoin with a loyal community, Shiba Inu is still struggling below the main resistance level. The asset was trading at around $0.000042, near multi-month lows, reflecting months of weak market structure.
Current technical analysis shows that the 50-day, 100-day and 200-day index moving averages (EMA) are all above the current price of the SHIB, indicating that short momentum continues. After forming an upward wedge pattern earlier, the token broke through downward and no effective reversal has been confirmed so far.
All attempts to rebound since then have failed, and each recovery has been limited to lower highs. When sellers effectively absorbed upward momentum in June and July, the bearish outlook intensified further and investors became more cautious.
On-chain activity raises concerns
A large number of SHIB transfers to exchanges often signal increased selling activity or a shift in investor strategy. As more tokens are deposited into exchange wallets, if market demand continues to be sluggish, the increase in available supply will further put pressure on prices.
Although the inflow is high, the overall net flow is still negative, and the outflow slightly exceeds the inflow. However, analysts pointed out that a series of inflows of nearly 100 billion SHIBs per day suggests that holders may still be preparing to sell or adjust positions.
Momentum indicators also highlight market weakness. Trading volume has declined from earlier in the cycle, with the Relative Strength Index (RSI) still below the 50 neutral threshold, indicating that bulls have limited willingness to buy.
Market sentiment and investor behavior
So far, SHIB has not shown obvious signs of accumulation or the restoration of investor confidence. Unlike previous cycles of rebound supported by strong demand, the current market is stabilizing as retail and institutional buyers lose enthusiasm.
However, not every exchange inflow signals an imminent sell-off. Some participants may shift the SHIB due to portfolio adjustments, liquidity needs or arbitrage opportunities, rather than immediate liquidation.
Exchange inflows usually reflect holders 'intention to relocate, but the lack of panic withdrawals and stable total exchange reserves indicate that there is no widespread panic in the market at this stage.
Despite this, continued negative momentum and large inflows still weigh on the outlook, with sellers dominating and SHIB trading at its lowest level in months.
