SHIB Exchange Reserves Fall as 112–125B SHIB Exits in 24h: Accumulation Signals, Yet Technicals Stay Bearish
On-chain data shows SHIB exchange reserves are dropping as about 112–125B SHIB leave exchanges in the past 24 hours. Exchange balances fall to roughly 81T SHIB, which suggests holders are withdrawing tokens rather than preparing immediate selling.
The netflow setup is consistent with accumulation: strongly negative netflows typically align with fewer tokens available for near-term selling. The article also notes a slight rise in SHIB sending wallets and active addresses, implying steadier network participation, though no breakout has appeared yet.
For SHIB traders, the key signal is the direction of exchange reserve usage, not the absolute number. If SHIB reserve declines persist while price weakens, that would be bearish. A reversal needs confirmation: SHIB reclaiming nearby moving averages and breaking above the next resistance levels with volume.
Technically, SHIB is trying to build an ascending support structure after a prolonged downtrend, but it remains below major moving averages and is compressing under short-term resistance. Until a volume-backed reclaim happens, the article frames the move from distribution toward possible accumulation as still unconfirmed.
Neutral
Both articles point to improving on-chain behavior for SHIB—large exchange outflows and a netflow pattern that can be read as accumulation—yet the latest technical picture remains bearish. The reserve drop to ~81T and the slight uptick in sending wallets/active addresses suggest holders are reducing immediate sell pressure, but the market confirmation is not present.
Short term: traders may see reduced near-term supply available on exchanges, which can support rallies if price starts responding. However, because SHIB is still below key moving averages, any bounce may fade until resistance is reclaimed with volume.
Long term: the move from distribution toward possible accumulation could become constructive only if the exchange reserve trend and SHIB price action continue to align (reserves falling while price stabilizes and then breaks higher). If exchange reserves reverse upward while price weakens, that would reintroduce bearish pressure for SHIB.