Shiba Inu (SHIB) On-Chain Signals Turn “Green,” But Inflows Hint Sell Pressure
Shiba Inu (SHIB) saw a 24-hour improvement in most on-chain metrics: 9 of 10 indicators turned positive. Active sending addresses rose, exchange outflows increased, and exchange reserves (USD) climbed—signs of heightened activity.
However, the article’s “catch” is that the inflows story remains problematic. Both overall exchange inflows and the 7-day average exchange inflows increased sharply. Inflows typically precede selling pressure, especially when more tokens move onto exchanges.
Netflow data also adds ambiguity: while the most recent shift is more positive, the latest figures are still negative overall, suggesting outflows slightly lag. The combined effect points to a market that is more active but not clearly accumulating.
On the price side, SHIB appears compressed near local lows and still trades below key moving averages. The article notes reversal structures are not confirmed. Short-term consolidation is occurring under resistance levels rather than reclaiming them.
For traders watching SHIB, the setup looks unstable: upside attempts may face friction unless exchange inflows cool and holder retention strengthens while outflows remain supportive.
Bearish
尽管SHIB的多项链上指标“转绿”，但结构性信号更偏向风险：交易所流入（包括7日均值）同步上升通常意味着更多筹码进入交易所，往往会在短期制造卖压。与此同时，净流量仍然偏负，表明当前阶段并非单向的净积累。
这种“指标表面利好、但流入端拖后腿”的组合，在以往的山寨币阶段性反弹中并不少见：当价格尚未重新站上关键均线、反转形态未确认时，交易所流入上升常导致反弹容易受阻，转而进入区间震荡或回落。
短期上，SHIB可能继续在局部低位附近震荡或出现冲高回落；中长期需要看到交易所流入显著降温、同时出入量结构从“活跃但不积累”转向更明确的持币行为，否则市场更可能维持偏弱的延续格局。