SHIB Exchange Netflows Spike 6%: Bearish Selling Pressure
SHIB is facing a bearish threat after exchange netflows jumped 6.23% in 24 hours, according to CryptoQuant. Over 350 billion SHIB tokens were deposited to exchanges during the period.
The key data point is a strongly positive netflow reading of +356,831,500,000 SHIB (tokens into exchanges minus tokens out), signalling sell-side pressure building as holders move coins toward potential liquidation. The exchange netflows spike also follows a prior session where SHIB gained more than 3%, after which price momentum faded.
At the time of reporting, SHIB trades around $0.00000612, up only 0.36% over 24 hours, suggesting buyers did not absorb the increased supply fast enough.
Overall, the exchange netflows spike indicates that a meaningful portion of SHIB holders shifted from holding to selling, a pattern commonly seen in highly volatile meme assets when short-term rallies attract profit-taking. Traders may watch for follow-through: continued high net inflows could pressure rallies and increase the risk of a deeper pullback.
Bearish
The article’s core signal is a large, positive exchange netflow for SHIB (+356.8B SHIB), alongside a 6.23% spike in netflows over 24 hours. Historically, sharply positive exchange netflows often precede sell-side pressure because holders deposit coins for potential liquidation. The timing matters: SHIB previously rose >3% but then “gave back” momentum, and the current price uptick (+0.36% over 24h) looks weak relative to the inflow scale—typical of rallies that are being sold into.
Short-term: if exchange inflows remain elevated, intraday bounces may struggle and downside volatility can increase.
Long-term: repeated netflow spikes on strength can gradually dampen sustained upside by turning upside liquidity into sell orders. Traders may therefore prioritize risk management and watch whether netflows normalize (a potential stabilization) or keep climbing (a higher chance of a deeper correction).