Shiba Inu Selling Pressure Eases as Exchange Netflows Drop to 65 Billion SHIB

In Brief:

Shiba Inu (SHIB) exchange netflows have dropped to approximately 65 billion tokens, signaling reduced selling activity across major cryptocurrency exchanges. According to CryptoQuant data, the decline follows substantial exchange inflows during the broader cryptocurrency market downturn, which increased selling pressure.

The October 10 figures show that SHIB exchange netflows remain positive despite falling considerably from their previous levels. This development suggests that fewer tokens are entering exchanges, marking a change in trading activity following the recent market selloff. Meanwhile, Shiba Inu’s price has returned to positive territory, reflecting an improvement in market performance alongside declining exchange inflows.

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Shiba Inu Exchange Netflows Decline as Selling Activity Slows

CryptoQuant data shows that Shiba Inu’s exchange netflows have fallen from hundreds of billions of tokens to approximately 65 billion SHIB. The reduction indicates that exchange deposits have slowed considerably compared with the elevated levels recorded during the market downturn.

Exchange netflow measures the difference between cryptocurrency deposits entering trading platforms and withdrawals leaving those platforms during a specified period. A positive reading indicates that deposits exceed withdrawals, while a negative reading shows that more tokens are leaving exchanges.

In Shiba Inu’s case, the positive 65 billion SHIB balance means exchange inflows still exceed withdrawals by that amount. Consequently, the figures suggest that potential selling pressure remains present, despite the substantial reduction in net exchange deposits.

The earlier increase in exchange activity coincided with widespread cryptocurrency market losses and heightened volatility among major digital assets. During that period, traders transferred substantial SHIB holdings onto exchanges as market conditions deteriorated and selling activity intensified.

Significantly, the latest reduction represents a measurable slowdown in exchange deposits rather than confirmation that selling activity has ended.

SHIB Price Returns to Positive Territory Amid Reduced Exchange Inflows

Alongside the decline in exchange net flows, Shiba Inu has recorded a positive price movement following the broader cryptocurrency market downturn. The recovery coincides with reduced exchange deposits, although the available figures do not establish a direct relationship between the two developments.

Additionally, the remaining positive net flow indicates that exchange deposits still outweigh withdrawals despite the improvement in SHIB’s market performance. Market participants are monitoring whether exchange net flows move into negative territory, which would indicate withdrawals exceeding deposits.

Such a development would represent a further change in exchange activity compared with the positive readings recorded during the selloff. For now, CryptoQuant’s figures show reduced net exchange inflows, while Shiba Inu’s price movement reflects improving short-term market conditions.

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