EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Despite weak prices, cumulative signals strengthened, and 324 billion SHIBs were withdrawn from the

2026-07-22 00:36:57
Bookmark

On-chain data shows that despite the continued weakness in prices, the accumulation signal of Shiba Inu Coin (SHIB) has strengthened, and more than 324 billion tokens have flowed out of the exchange.

More than 324 billion SHIBs have flowed out of the centralized exchange, becoming one of the largest coin withdrawals in recent times. On-chain data shows that despite the continued weakness in prices, investors are still actively accumulating.

CryptoQuant data shows that exchange outflows climbed to approximately 325.7 billion SHIBs, while inflows during the same period were approximately 251.5 billion SHIBs. As a result, net flow dropped to approximately-74.2 billion SHIBs, indicating that the amount of money withdrawals significantly exceeded the amount of deposits.

This trend usually reflects investor confidence rather than immediate selling. Many holders transfer tokens from trading platforms to private wallets, cold storage or pledge schemes, indicating that they expect to hold them for the long term. In addition, the overall SHIB reserves of major centralized exchanges showed a downward trend. Lower exchange balances usually reduce the supply available for sale, but this does not guarantee a recovery in prices.

Despite increased withdrawal activity, SHIB is currently trading at approximately US$0.000114. The meme is still close to its lowest price level since 2025, highlighting the contrast between sluggish market performance and growing cumulative signals.

SHIB stabilizes, technical resistance remains firm

Price movements suggest that SHIB has entered a consolidation stage after months of continued decline. The token did not continue its previous decline, but fluctuated within a narrow range of US$0.000110 to US$0.000115, while market volatility weakened. In addition, the Relative Strength Index (RSI) has rebounded to near the neutral zone. The change suggests that bearish momentum has weakened compared to June, but buyers have not yet established a clear bullish trend.

However, the SHIB remains below its 50-day, 100-day and 200-day moving averages, which are key resistance levels that it must recover before achieving a stronger recovery. Historically, similar exchange withdrawals have occurred when long-term investors accumulated assets during periods of weak markets. Instead of placing tokens on exchanges for immediate trading, investors tend to move assets held out of exchanges when they find valuations more attractive.

Accumulation trends face technical obstacles

Although on-chain activities reflect signs of accumulation, technical indicators still pose major challenges. The 50-day moving average is the first major resistance level, while the 100-and 200-day moving averages create additional obstacles to any sustained upward trend. Therefore, stronger buying pressure is needed before improvements in on-chain indicators translate into broader price recovery. Prior to this, SHIB was still in the contradiction of accumulating positive signals and still being cautious in its technical structure.

The latest online data shows that investors are withdrawing SHIB from exchanges faster than new deposits, which further confirms the accumulation signal. Even so, the token is still below major technical resistance levels, so whether the price continues to strengthen depends on whether buyers can break through these obstacles while maintaining the current trend of withdrawals.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP