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SHIB Shib's on-chain structure is questionable or may affect recent price movements
Shiba Inu (SHIB)'s on-chain structure seems to present a vague state, which may have an impact on its upcoming price fluctuations. Funds flowing out of exchanges have increased significantly over the past seven days, indicating a trend of coins being moved from exchange wallets to other addresses.
However, exchange traffic data cannot be fully regarded as a positive signal, as certain indicators show inflows are also increasing, which sends conflicting signals to traders. Therefore, depending on who has the upper hand in asset control, SHIB may have two different scenarios.
Exchange outflows indicate a decrease in selling pressure.
Exchange outflows increased by 191.89% on the seventh day. This suggests that larger SHIB tokens are leaving the exchange. If investors want to hold them for the long term rather than sell them immediately, they will usually transfer the tokens into their personal wallets.
At the same time, exchange reserves only increased by 0.5%, and there was no large influx of SHIBs into the exchange. In addition, the number of active addresses increased by 0.89%, and the number of active receiving addresses also increased. This moderate growth rate suggests that online engagement remains stable. The data did not show any significant deterioration in activity, which could mean that interest in SHIB continues.
Growth in inflows sends another important signal
Although an increase in outflows was observed, some changes have also occurred in exchange inflows. Average inflows increased by 1.9%, and total exchange inflows increased by 1.71%.
更重要的是，七日均交易所流入量大幅增长了354.32%。这一增幅远远超过了平均流出量的增长。交易所流入量的增加可能导致可出售的SHIB代币数量增多。如果无法吸收这些额外的代币，可能会产生价格压力，使SHIB再次测试支撑位。因此，关于流入的数据为之前关于流出的数据提供了一个有力的反向信号。
两种SHIB价格情景浮现
第一种情景对买家有利：如果交易所流出持续增加，而抛压保持在可控范围内，SHIB可能维持盘整态势，并最终挑战附近的阻力位。若伴随更强的交易量，突破将具有更大的意义。成交量的增加可能表明更广泛的参与度，并为买方动能增强提供额外确认。
第二种情景更为谨慎：如果交易所流入继续上升且需求减弱，卖方可能获得更大的控制权。这可能会推动SHIB进行新一轮支撑位测试，特别是如果交易所储备也开始显著增加的话。
目前，链上数据尚未提供明确的趋势确认。虽然交易所流出量191.89%的增长仍是一个显著的看涨信号，但均值交易所流入量354.32%的上升引入了重大的不确定性。因此，交易者可能需要继续监控交易所流量、交易量、支撑位和阻力位，以确定哪种情景将在接下来发生。
