$SHIB Exchange Outflows Signal Possible Selling Pressure Relief
Recent on-chain data shows a notable shift in Shiba Inu ($SHIB) holder behavior. Over the past three days, around 140 billion SHIB tokens have seen a net outflow from exchanges, one of the largest short-term outflows in recent weeks.
Negative exchange netflows typically suggest that holders are moving tokens off exchanges into private wallets, reducing immediate selling pressure. This coincides with SHIB’s price stabilizing slightly above the $0.000006 level after a sharp sell-off.
While this does not confirm a trend reversal, it may indicate that selling momentum is cooling. However, SHIB remains below key resistance levels, and the broader trend is still bearish. Continued exchange outflows and price stabilization could support a base formation, while renewed inflows may trigger another retest of recent lows. #MarketRebound #CPIWatch #USNFPBlowout #shiba #Write2Earn $SHIB
