Shiba Inu traders pulled roughly 44.1 billion SHIB off exchanges over the past 24 hours even as the token's price stayed pinned below its recent high near $0.000005 and broader market sentiment remained weak. The divergence — falling price alongside a large net outflow — is the kind of pattern traders watch for as a sign that selling pressure is fading rather than building.
Exchange netflow figures track the balance between tokens deposited to exchanges, typically ahead of a sale, and tokens withdrawn to private wallets, typically to hold. A sustained negative netflow, as SHIB is currently showing, means more tokens are leaving exchanges than arriving, which shrinks the readily sellable supply even while the price itself stays under pressure.
Not the first time this pattern has shown up
SHIB's exchange activity has swung sharply in recent weeks. Holders pulled 174.8 billion SHIB off exchanges in a single 24-hour stretch in mid-July, and net outflows reached 110.59 billion tokens earlier this month, according to on-chain token transfer data. In both prior instances, large outflow spikes preceded short-term price stabilization rather than an immediate reversal, suggesting the current 44.1 billion SHIB withdrawal is part of a recurring accumulation rhythm rather than a one-off signal.
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What would need to hold for a rebound
Analysts covering the token note that a genuine reversal depends less on any single netflow reading and more on whether buyers keep absorbing supply during weak spells like the current one. If demand holds up even as the broader market stays soft, the reduced float on exchanges could make SHIB more sensitive to a wave of fresh buying than it would be with a larger tradeable supply sitting on order books. For now, the price remains in the red, and the outflow data offers a tentative rather than confirmed case for recovery.
