459B SHIB Withdrawn from Exchanges in a Week as Supply Compresses
Shiba Inu (SHIB) saw large exchange outflows over the latest period, with roughly 459 billion SHIB withdrawn from centralized exchanges in seven days and a single midweek day moving more than 280 billion SHIB. Earlier on-chain reporting also showed very large single-wallet withdrawals (multi-trillion SHIB moves) in prior days, highlighting sustained whale activity. Netflow data is negative and indicates tokens are shifting into long-term custody — cold wallets, staking/DeFi positions, or private custody — rather than remaining on exchanges for immediate sale. Price structure is weak: SHIB trades below the 50-, 100- and 200-day moving averages, and momentum (RSI) sits in the low 40s. On-chain activity is steady but not rising, suggesting a compression of exchange supply that can reduce short-term sell-side liquidity and volatility. However, concurrent inbound flows and past patterns of selling into bounces mean withdrawals do not guarantee an upside; repositioning for OTC sales or DeFi use could precede future sell pressure. Key trader takeaways: ~459B SHIB net outflow in 7 days, >280B SHIB moved in one day, bearish moving-average structure, RSI in low-40s, and reduced immediate sell liquidity — a potential catalyst for lower volatility but not a confirmed bullish reversal.
Neutral
The combined reports point to meaningful exchange outflows and supply compression for SHIB, which reduces immediate sell-side liquidity and can support price stability or limit downside in the short term. Technical indicators (price below major moving averages, RSI in the low 40s) and history of selling into bounces signal continued bearish structural bias. Large withdrawals from exchanges are often bullish when they reflect accumulation into cold storage, but they can also precede OTC or DeFi-based selling if holders reposition. Concurrent inbound flows noted in earlier reports and prior patterns of dumping on rallies mean the outflows are an ambiguous signal. For traders: expect lower short-term liquidity and potentially reduced volatility, but do not treat the outflows as a clear buy signal. The likely market outcome is neutral — less immediate sell pressure but no confirmed trend reversal — with short-term rallies vulnerable to renewed selling and longer-term direction dependent on whether withdrawals represent genuine accumulation or repositioning for sale.