Shiba Inu Sees More Exchange Outflows Than Inflows
SHIB is trading around $0.00000541 after retreating from a late-September peak near $0.00000626. Exchange data showed about 161.1 billion SHIB leaving trading platforms versus 133.8 billion entering over 24 hours, a net outflow of 27.3 billion, though the seven-day average of inflows rose about 13%. Key levels include resistance below $0.00000560, support at $0.00000530 and $0.00000510, and a possible return to $0.00000470-$0.00000450 if support breaks.
SHIB changed hands near $0.00000541, down from a late-September high around $0.00000626. In 24 hours, roughly 161.1 billion tokens left exchanges while 133.8 billion arrived, producing a net withdrawal of 27.3 billion. Even so, the seven-day average of exchange inflows climbed about 13%, signaling that some holders may still intend to sell.
Exchange-held SHIB reserves have fallen for about a week, with their dollar value slipping about 1.5% in a day to $471.5 million. Price resistance sits below $0.00000560, while $0.00000530 and $0.00000510 provide support. A decisive drop under $0.00000510 could open the $0.00000470–$0.00000450 summer-low range.
For retail SHIB holders and short-term traders, the mixed exchange data could shape sentiment more than fundamentals. Continued net withdrawals may reduce immediately sellable supply, potentially softening downward pressure, while rising inflows could revive volatility. Because SHIB is a speculative meme asset, price swings may affect smaller investors disproportionately, and broader crypto watchers may read its behavior as a gauge of risk appetite rather than a signal for the wider financial system.