Over the most recent 24-hour stretch, roughly 623.3 billion SHIB was deposited onto exchanges. On its own, that figure might raise eyebrows, but the outflow side tells a different story, with about 449.8 billion SHIB withdrawn over the same window.
The resulting net exchange balance comes to just around 20 billion SHIB, a negligible amount relative to the size of the token’s reserves. The shift arrives as the price is bouncing back, with Shiba Inu changing hands near $0.00000592.
Gross flows look scary. Net flows don’t.
Much of the conversation around SHIB tends to stumble at exactly this point. Big inflow figures circulate without the matching outflows, and an active trading session ends up being portrayed as a sell-off underway.
Viewed in full, the data is far calmer. Exchange reserves stand close to 87.83 trillion SHIB, having moved a mere 0.2% across 24 hours. Plenty of tokens are being shuffled around by traders, yet SHIB is not building up on trading venues to any significant degree.
This is relevant because tokens held on exchanges are typically viewed as potential short-term selling pressure. A rising price paired with barely growing sell-ready supply is a healthier combination than the opposite scenario.
The chart has been quietly improving since July
In July, SHIB found a floor near $0.0000041. From there, it carved out a series of higher lows before ultimately breaking past $0.0000055.
Its most recent advance took the token above $0.0000062 for a short time before choppy conditions returned. It wasn’t a decisive breakout, but the overall structure is sturdier than it was during the summer months.
What stands out most is SHIB’s current position above the key long-term moving average, which sits around $0.0000056 to $0.0000057. That band previously capped the price as resistance; it is now the floor the recovery needs to defend.
Room to run, with a ceiling close by
Momentum appears healthy without seeming exhausted. On the daily chart, the RSI hovers in the low-60 range, leaving SHIB short of what is traditionally considered overbought.
The nearest resistance lies around $0.0000060 to $0.0000063. Clearing that zone could open the way back toward the May trading range of about $0.0000065 to $0.0000067.
What could break the setup
The flow figures shouldn’t be taken as a bullish green light. Netflow remains positive, which means this is not true accumulation: more SHIB landed on exchanges than left them.
A renewed surge of exchange deposits is the chief risk. That said, when weighed against SHIB’s circulating supply and its exchange reserves, the latest net movement is modest.
The key things to monitor, then, are straightforward. Should exchange balances hold roughly steady, price structure may continue to be the more meaningful signal, with the $0.0000056 to $0.0000057 moving average as the level that matters. Should reserves begin to swell sharply, set the chart aside and turn attention to the flows first.