Shiba Inu (SHIB) Logs 95.68 Billion Token Net Outflow From Exchanges

Update 09:12 UTC: An updated read of the on-chain record from CryptoQuant confirms the October 24 netflow print at minus 95.68 billion Shiba Inu (SHIB) and frames it against a roughly 3% intraday decline in the token's exchange balance, with deposits continuing to trail withdrawals as the session closed.

Netflow Turns Negative on October 24

A net 95,682,500,000 SHIB left trading platforms in the 24 hours to October 24, flipping the crypto exchange flows of the largest memecoin into negative territory while its price kept sliding. On-chain flow data shows withdrawals outpaced deposits across the venues holding Shiba Inu (SHIB), and the exchange-flow chart records the balance slipping a further 3% deeper over the day. Negative readings of this size usually mean traders are moving tokens into self-custody, thinning the supply immediately available for sale on order books. The gauge behind it tracks deposits to and withdrawals from centralized venues, so the sign flip is a direct ledger event, not a modeled estimate.

The demand signal landed against a falling tape. SHIB price dropped more than 5% across the same window, and the token surrendered the $0.000005 mark before settling near $0.000004815 on October 24. The live quote has since steadied at $0.00000489, down 1.2% over 24 hours, so the market is holding that lower shelf rather than pressing the slide. The contrast is what has drawn attention from analysts who track Shiba Inu flows: tokens left venues at the moment price weakness would normally push them onto platforms for sale. The print also arrived while the wider crypto market was in retreat, which makes it unusual, because flow gauges tend to confirm price direction in down phases rather than contradict it. Whether the wave reflects larger holders accumulating or a broad retail pull into cold storage, the directional read is the same: sell-side pressure on venues is thinning while available demand absorbs what remains.

The gauge has printed the opposite sign in earlier 24-hour sessions, with a net inflow of 53.8 billion tokens and a separate netflow spike to 77.3 billion, so the sign flips quickly and neither direction holds for long. That history shapes how the current figure should be judged. A sustained negative balance is the condition flow watchers associate with a bull market build, because it shows demand outstripping selling pressure, yet it is not a timing signal on its own. Price has not confirmed the divergence: the 5% slide remains the session's dominant move, and the recovery since has been flat at best. Analysts following the tape read the rising withdrawal activity as traders accumulating the dip, arguing that sustained outflows at this scale would drain sellable supply enough to force a U-turn in price. The counterargument is straightforward: outflows can also mean holders simply moving coins after a drop with no intent to add. Flow readings gain weight only when they persist, and the 3% deepening at least shows the balance was still moving in one direction as the session closed, not mean-reverting toward flat. The next sessions will show which of the two the 95.68 billion tokens represented, and whether the flow signal earns a follow-through.

An updated read of the on-chain record from CryptoQuant confirms the October 24 netflow print at minus 95.68 billion Shiba Inu (SHIB) and frames it against a roughly 3% intraday decline in the token's exchange balance, with deposits continuing to trail withdrawals as the session closed. The data provider's commentary reads the persistent negative reading as a sign that some investors treated the slide as a buying opportunity, moving tokens off venues even while the broader crypto market stayed weak. The same analysis cautions that no firm price turnaround has appeared yet, and that the deciding factor will be whether the withdrawal wave and the buying interest behind it hold into the coming sessions.

Flows Point Up, Indicators Point Down

Our composite scoring keeps the burden of proof on the buyers. The strongest support shelf below spot scored 98 out of 100, with a second cluster at 73 and a third at 70, while the resistance stack overhead, built from the 20, 50 and 100-day moving averages plus the 200-day line, scored a maximum 100, and the SHIB technical analysis model reads a downtrend with RSI at 36.05 and a bearish MACD signal. Positioning is thin and negative: funding prints at minus 0.0025% and open interest sits near $9.71 million, so there is little leverage to force the next move. Shiba Inu (SHIB) changes hands down 1.63% over 24 hours on $28.45 million of volume against a $2.85 billion market cap, and the flow case now rests on the sub-70 support band holding; a break of the moving-average ceiling overhead is the level that has to clear before the downtrend reverses (as of 09:12 UTC).