- SHIB exchange outflows approached 490 billion tokens as reserves kept declining.
- SHIB price remained trapped below resistance despite increasing self-custody activity trends.
- Analysts monitored weakening momentum while investors reduced exchange selling pressure levels.
Shiba Inu holders are rapidly moving billions of SHIB tokens away from exchanges while the asset continues trading under heavy bearish pressure. On-chain data now shows exchange balances falling aggressively even as SHIB struggles to recover key resistance levels.
According to CryptoQuant metrics, nearly 490 billion SHIB recently left centralized exchanges as investors shifted assets into private wallets. Simultaneously, exchange reserves kept declining, reducing the amount of SHIB available for immediate selling activity.
Typically, traders move tokens toward exchanges during weak market conditions to prepare for liquidation. However, current blockchain activity reflects the opposite behavior. Consequently, market analysts are monitoring whether large holders are accumulating quietly despite continued price weakness.
Meanwhile, SHIB remains trapped below major technical indicators after losing support from a rising wedge structure. The token repeatedly failed to reclaim resistance near the 200-day moving average, while momentum indicators continued weakening across recent sessions. Additionally, the Relative Strength Index moved closer toward oversold territory, increasing pressure on the asset’s short-term structure.
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Exchange Reserves Continue Declining Across Trading Platforms
Exchange reserve data further highlights the unusual divergence forming around SHIB’s current market behavior. The overall amount of SHIB stored on exchanges continues dropping steadily despite elevated volatility throughout the broader crypto market. Besides that, exchange netflows remain negative as more tokens leave trading platforms than enter them.
Usually, falling prices combined with bearish sentiment trigger higher exchange inflows because traders seek easier access to liquidity. However, SHIB holders now appear more focused on self-custody and long-term storage instead of immediate selling activity.
Source: Tradingview
Some analysts believe the trend may represent positioning ahead of another meme coin rally later in the market cycle. Moreover, growing concerns surrounding exchange security and liquidity conditions may also encourage investors to move assets away from centralized platforms.
In conclusion, SHIB continues facing technical weakness while billions of tokens steadily leave exchanges. That divergence now raises speculation that major holders may anticipate stronger market conditions despite ongoing downside pressure.
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