-207,000,000,000 Shiba Inu (SHIB) in 24 Hours, But It's Getting Better on Exchanges

-207,000,000,000 Shiba Inu (SHIB) in 24 Hours, But It's Getting Better on Exchanges

Source: UToday

Published:2026-02-02 13:44

BTC Price:$77876

#SHIB #Recovery #Crypto

Analysis

Price Impact

Med

A significant outflow of 207 billion shib from exchanges in 24 hours suggests reduced immediate selling pressure and potential accumulation by long-term holders. while the price action remains bearish, this on-chain metric often precedes stabilization.

Trustworthiness

High

The analysis is based on concrete on-chain data (exchange netflow) and technical indicators (oversold territory), providing a balanced view that acknowledges both current bearish trends and potential signs of stabilization.

Price Direction

Neutral

Despite a recent aggressive sell-off and technically bearish broader trend, the substantial exchange outflows and oversold momentum indicators suggest a potential bottoming process. this could lead to a period of consolidation or temporary relief rallies, rather than a continued steep decline or immediate reversal.

Time Effect

Short

The indicators point to a short-term stabilization and potential for relief rallies as sellers grow weary and opportunistic buyers step in. a full long-term bullish reversal would require reclaiming major resistance levels, which is not yet confirmed.

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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Shiba Inu flows away Selling pressure arises Advertisement After weeks of unrelenting pressure, Shiba Inu has experienced one of its most aggressive sell-offs of the year; however, recent on-chain metrics indicate that conditions may finally be stabilizing. A number of indicators now suggest that the worst stage of the correction may be approaching exhaustion. Shiba Inu flows away Exchange netflow data indicates a significant net outflow over the past 24 hours, with about 207 billion SHIB departing exchanges . Large outflows usually mean that investors are transferring tokens from trading platforms to private wallets, which lessens the pressure to sell right away. When traders start switching from panic-selling to accumulation or longer-term holding strategies, this change frequently takes place. SHIB/USDT Chart by TradinView However, price action is still erratic, and SHIB recently extended its downward trend and drove prices toward new local lows by breaking below a short-term consolidation pattern. The asset continues to trade beneath key moving averages, keeping the broader trend technically bearish. Sellers have dominated market activity, as evidenced by volume spikes that accompany recent declines. HOT Stories Morning Crypto Report: Binance Suddenly Unlocks One Trillion Shiba Inu (SHIB), Bitcoin Whitepaper Name Admits and Denies Epstein Links, $2.36 Billion Satoshi-Era Bitcoin Whale Gets in Trouble With Ethereum Crypto Market Review: XRP in Deep $1 Waters, Shiba Inu (SHIB) — Worst Price Nosedive of 2026, Is Bitcoin (BTC) in Danger of Hitting $50,000? Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News Selling pressure arises However, a significant shift in market structure is brought about by the decline in exchange reserves and the improvement of netflow dynamics. Liquidity is gradually being absorbed, indicating that opportunistic buyers may be intervening at perceived discount levels rather than ongoing inflows driving sell pressure. Advertisement You Might Also Like Sun, 02/01/2026 - 12:26 700% SHIB Rally Ahead? Shiba Inu Once Again Hits Legendary Bottom From 2021 and 2024 By Gamza Khanzadaev From a technical perspective, SHIB now trades in oversold territory on momentum indicators, which historically precedes at least temporary relief rallies. This frequently indicates that the downward momentum starts to slow as sellers grow weary, but it does not ensure a complete reversal of the trend. Investors should anticipate a period of consolidation as the next likely phase. If exchange outflows continue and overall crypto market conditions stabilize, SHIB could attempt a recovery toward recently lost support zones. Advertisement However, reclaiming major resistance levels remains necessary before bullish momentum can truly return. In short, Shiba Inu is still navigating rough waters, but the combination of heavy token outflows and slowing sell pressure suggests that the market may finally be finding footing after a punishing decline. #Shiba Inu