SHIB Exchange Netflows Turn Positive as Sell-Off Continues

Shiba Inu (SHIB) is facing renewed sell-off pressure as exchange netflows reportedly turned positive, meaning more SHIB is moving into exchange wallets than leaving them. CryptoQuant data cited in the report points to an exchange netflow gap of roughly 39B SHIB, while price weakness remains consistent with the bearish flow picture. The article also highlights weaker supporting signals. Whale activity is described as subdued, with daily whale transactions said to be in single digits, far below the prior Dec 2025 level. Exchange supply is not reaching the Sep 2025 high, and whale-held supply is said to be steady—suggesting a sudden, large-scale sell event may not have fully started. On Shibarium, transaction activity is volatile and described as weakening, with many recent contract calls involving zero-dollar activity. SHIB token burns are also down sharply (about -66% in 24 hours to ~2.7M SHIB). Technically, SHIB failed to break resistance near the apex of a descending triangle, adding to short-term downside risk. For traders, the key trigger is whether SHIB exchange inflows stay elevated into the next session; persistence often pressures rebounds and can extend downside if market sentiment remains fragile.