Summary
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Shiba Inu exchange netflow reached negative 32.76 billion SHIB as reserves declined to 87.09 trillion tokens, reducing available supply.
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SHIB active addresses increased 1.01% to 165,200, while derivatives liquidations reached $28,800, with short positions accounting for most losses.
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SHIB gained 3.92% to $0.00000514, approaching resistance at $0.0000052 despite persistent annual losses and relatively modest futures trading volumes.
Shiba Inu recorded increased exchange withdrawals as its price climbed 3.92%, reflecting reduced selling activity across cryptocurrency trading platforms. CryptoQuant data shows SHIB exchange netflow reached negative 32.76 billion tokens, indicating withdrawals exceeded deposits during the reporting period.
The development coincided with SHIB trading near $0.00000514, recovering from an intraday low of approximately $0.00000494. Exchange withdrawals can reduce tokens available for immediate trading, potentially easing selling pressure during price recoveries.
Meanwhile, total SHIB exchange reserves declined to 87.09 trillion tokens following substantial withdrawals over the preceding seven days. Reserve balances changed just 0.02% within 24 hours, indicating the earlier decline had not reversed.
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SHIB Network Activity Increases as Derivatives Traders Favor Long Positions
Alongside declining exchange reserves, Shiba Inu recorded increased network participation, providing another measurable development supporting its recent market performance. Active addresses climbed 1.01% to 165,200, reflecting higher wallet activity across the network during the reporting period.
Derivatives figures also showed limited liquidation activity, with total liquidations reaching approximately $28,800 over 24 hours. Short positions accounted for $26,230, indicating bearish traders absorbed most recorded losses.
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Additionally, OKX reported a long-to-short ratio of 2.79, showing greater exposure to long positions among participating traders. Trading volumes remained modest, with OKX recording $9.01 million, LBank $7.60 million, and MEXC $5.16 million.
SHIB Price Approaches $0.0000052 Resistance Despite Longer-Term Losses
Despite improving market indicators, SHIB remains under pressure across several longer trading periods. The token has declined 15.31% over 180 days, while year-to-date losses stand at 25.50%.
Annual performance shows a larger 50.19% decline, contrasting with a 24.23% gain over the preceding 90 days. Meanwhile, resistance near $0.0000052 represents an important level because it marks the upper boundary of SHIB’s recent trading range.
A sustained move above this level would strengthen the recovery, while falling below $0.00000494 could expose further downside. Exchange reserve movements remain important because renewed deposits could increase the supply available for selling.
Overall, declining exchange reserves and increasing network activity support SHIB’s recovery, although stronger trading volumes remain necessary for broader confirmation.
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