Nearly 100B SHIB Withdrawn from Exchanges; Selling Pressure Eases but Price Remains Bearish
Shiba Inu (SHIB) saw large on-chain movements across two reporting windows. Early reports flagged roughly 47 billion SHIB moved onto exchanges, increasing short-term sell risk and nudging exchange reserves slightly higher. A later update showed a much larger flow in the opposite direction: nearly 100 billion SHIB withdrawn from exchanges within 24 hours, causing a clear contraction in exchange reserves. Combined, the data indicate short-term supply dynamics have shifted — recent heavy withdrawals reduce immediate sell pressure unless inflows resume. Price action remains bearish: SHIB trades below major moving averages, the 200-day MA is sloping down, and market structure shows an extended downtrend with a shallow ascending base (price compression). Technical indicators such as RSI are compressed, implying further downside would likely need renewed volume. For traders: monitor exchange flows closely (watch for new inflow spikes), follow moving averages and volume for trend confirmation, and expect heightened volatility with potential fake-outs during relief rallies. Primary scenarios are (1) renewed exchange inflows trigger selling that breaks the base and revisits lows (bearish), or (2) the market absorbs withdrawals, the base holds, and reserves support a relief rally if selling pressure subsides (bullish).
Neutral
The net effect of the two reports is mixed, producing a neutral near-term outlook for SHIB price action. The later and larger observation — nearly 100 billion SHIB withdrawn from exchanges — reduces immediate sell-side supply, which is bullish from a liquidity perspective because it lowers the risk of an accelerated dump. However, price remains below major moving averages and the long-term trend is down; earlier inflows and on-chain indicators had signalled selling risk. Technical compression (shallow base, RSI compression) means the market is range-bound and susceptible to sharp moves in either direction depending on follow-up flows and volume. Short-term implications: reduced probability of an immediate crash unless large inflows recur, but continued downside remains likely without a confirmed break above key moving averages and rising volume. Long-term implications: unless on-chain holdings and reserve trends show sustained accumulation off-exchange and price structure improves, the bias stays negative. Traders should therefore treat the news as reducing immediate downside pressure but not as confirmation of a bullish trend — remain cautious, watch exchange flows, MA levels (including the 200-day), and volume for confirmation before positioning decisively.