Shiba Inu's $0.000005 Support Under Pressure as Exchange Flow Reverses

Shiba Inu's (SHIB) seven-day average exchange outflow jumped 121.26% in 24 hours to roughly 579 million tokens, which may initially suggest a bullish on-chain signal. However, when considering total inflows and outflows, the data reveals that more SHIB is entering trading venues than leaving them.

Total inflows reached 318.28 billion SHIB against 231.74 billion in outflows, resulting in a positive netflow of roughly 86.53 billion SHIB. This means immediately liquid supply is still increasing, and exchange reserves also rose roughly 0.1% to 87.29 trillion SHIB.

This pattern follows similar pressure seen in late August, where SHIB recorded roughly 145.9 billion tokens in positive exchange netflow, after another session approached 261.7 billion. This exchange pressure arrived as the August rally began losing momentum.

The timing matters because SHIB has fallen back toward one of its most important support areas of $0.000005, down almost 4% on the daily candle. The next major technical level sits near $0.00000500, while a larger moving-average barrier remains around $0.00000568.

The burn narrative offers little immediate relief, as earlier this week, just 3.59 million SHIB were burned in 24 hours, worth only about $18 at the time, despite much larger percentage swings in the burn rate.