A 2.6 billion SHIB exchange outflow is a clear Shiba Inu outflow signal, trimming exchange supply and indicating accumulation by long-term holders and whales. With SHIB above the 50-day EMA and a neutral RSI near 59, on-chain metrics favor a short-term bullish bias while requiring caution for sudden inflows.
-
2.6 billion SHIB left exchanges in 24 hours — reduced sell-side supply.
-
SHIB recently crossed the 50-day EMA and trades near $0.0000133 after support at $0.0000120–$0.0000125.
-
Exchange reserves declined to ~85 and 8 trillion SHIB; transactions rose 1.22%, showing renewed network activity.
Shiba Inu outflow: 2.6B SHIB left exchanges signaling accumulation and reduced sell pressure — read on-chain data, price levels, and trader implications now.
What is the impact of the Shiba Inu outflow?
Shiba Inu outflow reduces the number of SHIB available for immediate selling on exchanges and often signals accumulation by long-term holders. This shift can tighten short-term supply, potentially supporting upward price pressure when combined with bullish technicals such as a cross above the 50-day EMA.
How do on-chain flows and exchange reserves affect SHIB price?
Exchange outflows remove tokens from accessible liquidity pools. Large withdrawals—like the 2.6 billion SHIB recorded—typically indicate holders moving funds to private wallets or cold storage.
Declining exchange reserves (reported at roughly 85 and 8 trillion SHIB for tracked metrics) reduce available supply for spot selling. When inflows are low and outflows persist, the probability of a supply squeeze rises.
Short-term momentum indicators matter. SHIB trading near $0.0000133 after bouncing from $0.0000120–$0.0000125, combined with an RSI around 59 and a 50-day EMA crossover, creates a technical backdrop that complements the on-chain accumulation signal.
SHIB/USDT Chart by TradingView
Why do whales move SHIB off exchanges?
Whales often withdraw tokens to self-custody to avoid immediate selling pressure or to prepare for longer-term holdings. Large wallet transfers from top tracked addresses (2.5 billion SHIB from the top 10 wallets in the last day) reinforce the interpretation of strategic accumulation rather than short-term trading.
Frequently Asked Questions
How large was the recent SHIB exchange outflow?
The most recent on-chain data shows a 2.6 billion SHIB outflow from exchanges in the past 24 hours, with about 2.5 billion traced to the top 10 wallets. This points to concentrated withdrawals by large holders.
Is SHIB currently overbought or oversold?
SHIB is not overbought. The Relative Strength Index (RSI) sits near 59, indicating neutral to mildly bullish momentum and room for further upside before entering overbought territory.
Key Takeaways
- Significant outflow: 2.6 billion SHIB left exchanges, lowering immediate sell-side supply.
- Technical confirmation: SHIB crossed the 50-day EMA and trades near $0.0000133 after support at $0.0000120–$0.0000125.
- Watch for reversals: Sudden exchange inflows would likely reintroduce selling pressure and invalidate the short-term bullish case.
Conclusion
Recent on-chain metrics reveal a material Shiba Inu outflow that, together with a 50-day EMA crossover and neutral RSI, supports a short-term bullish outlook for SHIB. Investors should remain vigilant for exchange inflow spikes that could reverse momentum. COINOTAG will monitor on-chain and price action for updates and analysis.
