Shiba Inu (SHIB) sees significant exchange outflows, with netflow turning negative
Shiba Inu (SHIB) has experienced a substantial shift in exchange flows, with approximately 101.2 billion SHIB in net outflows from centralized exchanges. This negative netflow, where more tokens leave than enter exchanges, generally indicates a reduction in immediate sell-side liquidity. Exchange reserves for SHIB have declined by 0.11% over 24 hours, with their dollar value falling by 1.42% to around $519.4 million. SHIB is currently trading at approximately $0.00000589, maintaining its recovery above the long-term moving average near $0.00000565, but continues to face resistance in the $0.00000600–$0.00000610 region.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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