Shiba Inu Faces Mounting Selling Pressure Amid Exchange Inflow Surge
Exchange data reveals a stark imbalance in SHIB token flows, with deposits arriving at nearly four times the rate of withdrawals, signaling potential selling pressure as the token struggles at critical technical levels.
Shiba Inu faces mounting selling pressure as blockchain data reveals a significant imbalance in exchange flows, with deposits surging while withdrawals lag. This concentration of tokens on trading platforms threatens to overwhelm recent recovery attempts and may signal headwinds ahead for holders.
Exchange Flows Point to Rising Liquidation Risk
On-chain exchange metrics paint a bearish picture for Shiba Inu’s near-term trajectory. Data tracking token movements between blockchain addresses and major trading platforms reveals a pronounced skew toward deposits relative to withdrawals.
The numbers tell a striking story. In terms of transaction size, SHIB inflows are arriving at nearly four times the rate of outflows. When breaking down the largest individual transactions, this disparity becomes even more pronounced. The ten biggest deposit operations total approximately 5.98 billion SHIB tokens, while the ten largest withdrawal transactions account for roughly 2.33 billion SHIB—a ratio that underscores the directional pressure.
Aggregate volume data reinforces this dynamic. Total exchange inflows have accumulated to roughly 401.26 billion SHIB, while outflows stand at 317.72 billion SHIB. This surplus of inbound tokens creates a critical question for the market: how much of this supply will eventually convert into sell orders? When inflows dramatically outpace outflows, the available supply ready to hit the market increases substantially, historically translating into selling pressure when price momentum is weak.
Technical Breakdown Compounds the Bearish Case
Price action reinforces the concerns raised by exchange data. Shiba Inu recently attempted a recovery that pushed it briefly above $0.000006—a level that had served as notable resistance. That attempt has failed, with the token retreating to around $0.00000534, representing a daily decline of approximately 2%.
More significantly, SHIB continues to struggle at a critical technical barrier: its long-term moving average positioned near $0.00000574. This level has repeatedly turned back upside attempts, leaving the broader trend structure unresolved between bulls and bears. While the Relative Strength Index remains near 61, indicating that momentum has not completely exhausted, the token’s failure to break through established resistance suggests hesitation among buyers.
On the positive side, SHIB continues to trade above its shorter-term moving averages, which cluster in the $0.00000457 to $0.00000493 zone. Should bulls mount a new offensive, reclaiming the $0.00000574 level and subsequently breaking $0.000006 would signal a renewal of upside momentum. Failure to do so could leave SHIB vulnerable to the mounting exchange supply, potentially driving the token toward primary support zones near $0.0000049 and $0.0000046.
For the broader crypto market, SHIB’s struggle against mounting supply pressure serves as a reminder that technical levels matter—and that on-chain metrics often telegraph trouble before price charts fully reflect it.
Source: U.Today. Not financial advice.