SHIB flow enter for exchanges rise for April, net +4.8B as price dey fall
Arkham Intelligence data show say SHIB wey dem dey send enter exchange rise for start of April. For the first 24 hours, SHIB net inflow reach about 4.8B tokens (around $27,000 then), even though SHIB price slip about 2% as the month start.
The gross movements big well and na two-way. Revolut lead inflows with about 849.21B SHIB, but Arkham talk say plenty of that fit be internal transfers between Revolut-controlled wallets. Binance and Bitstamp also get big additions (about 177.05B and 163.64B SHIB). Outflows heavy too: Revolut send out ~849B SHIB, and Bitstamp, Binance and Robinhood record big withdrawals, plus exits from Kraken, OKX, Crypto.com and Wintermute. After the back-and-forth, exchanges end up net holding ~4.8B SHIB.
For traders, SHIB exchange inflows fit still show positioning and possible sell pressure, but the big gross in/out mean intentions mixed instead of clear one-direction bet. With SHIB still below $0.000006 and early-April momentum cautious, the near-term setup look more neutral-to-risky than bullish.
Seasonality mixed too: average April return +3.16%, median -4.26% (skew to weaker months). SHIB down about 2.12% early April and trading near $0.000005802.
Neutral
Di news for SHIB na neutral because di headline “net inflow” (+~4.8B SHIB) balance out by very big two-way gross flows. Arkham note say plenty of Revolut inflow fit be internal transfers, and that weakens the signal for clear accumulation story. At the same time, price weakness at the start of April (down ~2%) and SHIB trading below $0.000006 show cautious near-term sentiment. Seasonality add wahala: April get positive average historically (+3.16%) but negative median (-4.26%), meaning results dey uneven and no steady support. Net effect: possible positioning/liquidity shifts wey fit amplify volatility, but no enough directional conviction to call am bullish or bearish.