Shiba Inu Exchange Netflow Turns Bearish as Price Surges to New Heights

Shiba Inu's exchange netflow has shifted from bullish to bearish territory, with over 69 billion SHIB tokens being sent to exchanges for sale in the last day.

This surge in supply suggests that demand is waning and traders are increasingly selling their SHIB holdings.

However, despite this bearish trend, Shiba Inu's price has defied expectations by surging over 10% in the last 24 hours and reclaiming its previous high of $0.000004566.

This unexpected divergence between price movement and exchange netflow suggests that buyers are aggressively absorbing the additional supply entering exchanges.