- Shiba Inu records massive outflows but price continues struggling this week
- Over 89 billion SHIB leaves exchanges signaling strong accumulation trend
- Market demand rises for SHIB yet price action remains weak
Shiba Inu recorded a major shift in exchange activity at the start of the week, even as its price failed to follow. Market data shows that billions of tokens left exchanges within a short period. This movement signals strong accumulation, yet the token continues to trade under pressure.
Cryptoquant data highlights a negative netflow of about 89 billion SHIB over the past 24 hours. This figure represents the difference between tokens entering and leaving exchanges. In this case, more tokens exited than entered, reflecting increased buying activity.
Moreover, such large outflows often indicate that investors move assets into private wallets. This behavior usually suggests a longer holding strategy rather than immediate selling. Consequently, it reduces available supply on exchanges, which can support price growth over time.
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Massive Outflows Highlight Demand While Market Pressure Persists
Despite strong accumulation signals, SHIB remains in negative territory as broader market conditions weigh on sentiment. Traders appear cautious, even as on-chain metrics show sustained interest. This divergence between demand and price performance has become more noticeable.
Additionally, SHIB’s monthly return has turned negative after March’s recovery, with April showing a 2.65% decline so far. This shift indicates that earlier gains have faded, leaving the token struggling to maintain momentum.
Besides, the ongoing outflows suggest that investors still believe in the asset’s potential. However, macro factors and overall market direction continue to influence price action. As a result, buying pressure alone has not been enough to trigger a rebound.
Furthermore, the imbalance between exchange activity and market value creates uncertainty among traders. While accumulation often precedes movement upward, timing remains unclear in the current environment. Shiba Inu shows clear accumulation through massive exchange outflows, yet price weakness persists. The disconnect between demand and valuation may define its near-term direction.
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