101B SHIB Exit Exchanges as Price Consolidates in Tightening Triangle
On-chain data shows roughly 101 billion Shiba Inu (SHIB) tokens were withdrawn from centralized exchanges in the past 24 hours, signaling a significant reduction in immediate sell pressure. Large holders appear to be moving tokens to private wallets after months of distribution since late 2024, suggesting accumulation or longer-term holding. SHIB’s price is consolidating inside a tightening triangle (lower highs, slightly higher lows), a pattern that can precede a sharp move in either direction. Short-term downside momentum has eased, with dips seeing increased buying absorption, but longer timeframes remain bearish as moving averages slope down and form overhead resistance. Exchange reserves are declining while inflows and outflows remain high, consistent with active portfolio repositioning rather than market inactivity. For traders, continued net outflows would tighten exchange liquidity, reducing immediate sell capacity and increasing the potential for sharper moves if demand returns; however, falling moving averages and nearby resistance could limit upside. Key points: ~101,000,000,000 SHIB net outflow in 24h; exchange reserves decreasing; price consolidating in a triangle; short-term selling pressure easing but longer-term indicators still bearish.
Neutral
The net outflow of ~101 billion SHIB from centralized exchanges and declining exchange reserves are constructive for price because they reduce immediate sell-side liquidity and indicate holders are moving to private storage — a bullish structural signal. At the same time, price remains inside a tightening triangle with lower highs and moving averages trending down, which preserves downside risk and overhead resistance. Short-term momentum appears to be easing and dips are being absorbed, which increases the chance of a meaningful recovery if demand returns and outflows persist. However, the persistent bearish longer-term moving averages and consolidation pattern mean any upside could be capped or temporary until a decisive breakout occurs. Therefore the immediate market reaction is unclear and balanced between reduced sell pressure (bullish) and continued technical resistance (bearish), justifying a neutral classification for SHIB’s price impact.