Shiba Inu 144B SHIB Exchange Inflow Signals Seller Pressure
In brief
- Shiba Inu surged 5% in 24 hours, reclaiming $0.0000055 resistance
- 144.9 billion SHIB flowed to exchanges, indicating aggressive seller activity
- Analysts flag divergence between price rally and exchange inflows as warning sign
Rally Meets Resistance
Shiba Inu price increased by over 5% in the last 24 hours, breaking above its previous resistance level. The asset reclaimed $0.0000055, a key technical marker. Traders have become optimistic about a sustained breakout to higher levels.
The token has long traded around the $0.000005 mark following consistent market volatility in recent months. This latest move marks a potential shift in momentum.
The Netflow Warning
But exchange data complicates the bullish narrative. CryptoQuant's onchain metrics show a substantial imbalance: the number of SHIB tokens sent to exchanges for potential sell-off is substantially higher than outflows targeted for buying by over 144 billion SHIB.
Positive netflow typically signals selling pressure. When tokens flow into exchanges at this scale, it suggests holders are preparing to exit positions, not accumulate them.
"the positive balance in the SHIB netflow does not provide a bullish outlook for the asset, as it simply indicates that sellers are currently dominating the Shiba Inu market"
Divergence Risk
Analysts predict that the rally may be short-lived following the major divergence in exchange activity. The mismatch between price momentum and onchain flows raises questions about the rally's durability.
Price gains without corresponding buying demand rarely sustain. If sellers continue moving SHIB to exchanges, the upside may face headwinds. Traders watching this setup should monitor whether the inflows reverse or intensify in coming hours.
