Shiba Inu Rally Stalls as Exchange Inflows Signal Rising Sell Pressure
Shiba Inu ($SHIB) opened the session with a bullish advance of roughly 4%, but on-chain data suggests the uptick may be losing steam as traders move large volumes of tokens back onto trading platforms.
Exchange Netflow Turns Sharply Positive
According to the latest figures from CryptoQuant, Shiba Inu recorded a net exchange inflow of 241,877,000,000 $SHIB over the past 24 hours. A positive netflow of this magnitude typically signals bearish sentiment, as it indicates that the volume of tokens deposited to exchanges for selling far exceeds the amount withdrawn for accumulation.
The data implies that market participants are opting to realize gains following the recent price recovery rather than add to positions. With sellers dominating order flow, the path of least resistance for $SHIB appears tilted to the downside in the near term.
Price Action Reverses Intraday
Consistent with the on-chain shift, $SHIB erased its early gains and slipped into negative territory. As of the latest print, the token trades down approximately 0.45% on the day, underscoring how quickly exchange-driven supply can overwhelm buying interest.
Market Watchers Await Flow Reversal
Traders are now monitoring exchange netflow metrics for signs of a turnaround. A return to negative netflow — where withdrawals exceed deposits — would suggest renewed accumulation and could provide the catalyst for a faster price recovery.
