Shiba Inu Price Drops as Profitable Supply Collapses and Exchange Inflows Rise
Shiba Inu (SHIB) has come under renewed downward pressure after a rapid collapse in profitable supply and rising net inflows to exchanges. Prices traded lower week‑on‑week (around $0.0000084 in the latest update), following a prior short-lived rally toward $0.00001000. On‑chain data shows profitable supply fell sharply — from roughly 140 trillion SHIB to about 57 trillion (a ~62% drop) — while average weekly exchange inflows remained elevated, indicating a distribution phase as holders move tokens closer to possible sell execution. Technically, SHIB is sitting near the 50‑day EMA (~$0.00000836); a break below this support would likely target the next support near $0.00000786 (~8% downside). On the upside, regaining $0.00000898 and flipping the 100‑day EMA into support would relieve short‑term pressure. Traders should closely monitor profitable supply metrics, exchange balance changes (net inflows/outflows) and the $0.00000836 support level — these indicators will shape short‑term price action and position management. Primary keywords: Shiba Inu, SHIB, profitable supply, exchange inflows, support and resistance. Secondary/semantic keywords: meme coin correction, on‑chain metrics, distribution phase, EMAs.
Bearish
The combined data and technicals point to a bearish near‑term outlook for SHIB. A large, rapid decline in profitable supply (≈62%) indicates many holders have moved from profit into loss or to break‑even, removing an immediate pool of sellers but also signaling reduced conviction after the brief rally. Elevated net inflows to exchanges increase the likelihood of sell-side execution as holders deposit tokens for potential liquidation, consistent with a distribution phase. Technically, SHIB sits just above the 50‑day EMA (~$0.00000836); a decisive break would likely trigger stops and sell orders toward the next support near $0.00000786, implying further downside (~8%). Upside relief requires reclaiming $0.00000898 and flipping the 100‑day EMA to support—until then, selling pressure from exchange inflows and weak profitable supply metrics should dominate. For traders, this suggests tightening stops, reducing size on longs, or considering short or hedge strategies near resistance, while watching exchange balance and profitable supply metrics for signs of capitulation or renewed accumulation.