Shiba Inu Sees Massive Exchange Inflow Amid Price Pressure

Shiba Inu (SHIB) has seen significant exchange inflows over the past 24 hours, totaling around 468 billion tokens. This increase in inflow size to 1.15 billion SHIB, up by 0.48%, suggests that investors may be preparing to sell their holdings. However, this does not necessarily indicate a clear net distribution, as outflows continue to exceed inflows.

The seven-day moving average of mean exchange outflows increased by 62.69% to approximately 734.49 million SHIB, while total exchange outflows rose by 1.77% to around 438.71 billion SHIB. At the same time, exchange reserves dropped by 0.2% to 87.23 trillion SHIB.

Despite the increase in inflows, momentum has declined for Shiba Inu. The Relative Strength Index (RSI) has fallen to about 49.7, moving into neutral territory and below its signal average. This suggests that a deeper retracement is possible if price support fails.