SHIB Exchange Inflows Surge to 422.97B, Sell-Pressure Risk vs Oversold Bounce
Shiba Inu (SHIB) exchange inflows have jumped, with 422.97B SHIB moving into exchanges and total exchange reserves rising to about 80.45T SHIB (around 13.88T added). Despite the large SHIB exchange inflows, the article says a “wave of selling” has not yet appeared.
On-chain flows are mixed. Inflows were 422.97B SHIB versus outflows of 264.47B, leaving a net inflow of 158.50B SHIB. Network activity also looks active rather than panic-driven, with roughly 90,916 receiving addresses, 138,666 active addresses, and about 2,954 transactions.
However, the technical picture is pressured. SHIB is trading below the 50-day, 100-day, and 200-day moving averages, which may act as overhead resistance. The price broke down from the earlier March–May channel, and RSI dipped below 30 before stabilising.
For traders, the key risk is whether SHIB exchange inflows translate into real sell pressure. If deposits keep accelerating while SHIB fails to reclaim key moving averages, downside risk rises. If offloads remain limited (e.g., used for liquidity/market-making), SHIB may consolidate instead of crashing.
Neutral
Both articles converge on a cautious setup: SHIB exchange inflows surged (large deposits), but selling pressure has not fully materialised yet. Mixed net inflow plus stable network participation suggests holders are not broadly dumping. Still, the technical side is weak—SHIB remains below major moving averages after breaking the prior channel and an oversold RSI only recently stabilised. This combination points to a near-term risk of downside if inflows persist and price fails to reclaim trend support, but not a clear bearish breakout because offloads may be limited.