SHIB Exchange Inflows Point to Persistent Sell-Side Pressure
CryptoQuant data showed a net inflow of 77.3 billion SHIB to exchanges in 24 hours, meaning deposits exceeded withdrawals. The token briefly rose to about $0.0000051, but demand remained weak despite that modest recovery. The report says SHIB's direction is unclear until a meaningful shift in demand appears.
CryptoQuant logged a 24-hour net exchange flow of 77.3 billion SHIB, with deposits outpacing withdrawals. That positive figure suggests more tokens were placed on exchanges than taken off, a setup often linked to selling pressure. The same data included an approximately 4% rise over the period.
SHIB briefly touched a local peak near $0.0000051 and returned to positive territory, yet buying interest remained subdued. The report says the token’s direction is unclear without a meaningful demand shift and frames the small rebound as fragile given ongoing exchange inflows.
Continued exchange inflows could weigh on SHIB holders and short-term traders by reinforcing caution around near-term price stability. Retail investors who follow on-chain signals may react to the data by delaying purchases or reducing exposure, while exchanges and market analysts may see higher deposit activity as a sentiment indicator. Because the token’s recovery appears fragile, shifts in demand may influence how broader crypto markets are perceived, though the effect could remain limited to participants already active in crypto.