A massive 332.5 billion shib netflow to exchanges indicates strong selling pressure and a significant lack of buying demand, leading to the heaviest price correction this year, with shib falling to june 2023 levels.
Based on concrete on-chain data from cryptoquant showing exchange netflow, and analysis from u.today, a recognized crypto news source.
The article explicitly highlights a 'flash bearish signal,' 'persistent price downturn,' and 'selling pressures have continued to rise.' shib has declined nearly 6% in a day, hitting multi-month lows, with analysts concerned about adding another zero.
The bearish signals are immediate, reflecting current trading activities (last day's netflow, last week's volatility). the article questions 'how long until shiba inu recovers?' implying the current negative trend is expected to persist in the near term.
Cover image via U.Today Read U.TODAY on Google News Shiba Inu has failed to recover from its recent price correction, and the on-chain metrics have failed to show any sign of a potential recovery in the price of the leading meme token. Advertisement Amid the persistent price downturn, activities across all exchanges supporting Shiba Inu shows that traders are barely producing any demand for the asset. Rather, selling pressures have continued to rise. With more SHIB tokens being returned to exchanges than being bought, data from on-chain analytics platform Cryptoquant shows that the Shiba Inu exchange netflow has surged by nearly 4% over the last day, sitting at a massive 332,497,400,000 SHIB as of Thursday, Feb. 5. HOT Stories Mark Dow: I Want Bitcoin to Go to Zero Crypto Market Prediction: Will XRP Break Bullish Trap? Shiba Inu's (SHIB) 3 Bullish Targets, Ethereum's (ETH) 300-Day Record Broken Shiba Inu returns to 2023 levels Although the ongoing market volatility had barely lasted for a week, it marks the heaviest price correction for Shiba Inu so far this year as it has sent the asset’s price to retest its multimonth lows. Advertisement Following multiple days of severe price corrections, Shiba Inu is back to trading around the $0.0000063 zone, levels not seen since June 2023. This massive price drop has continued to stir doubts and fear among retail and institutional investors and they have suspended making purchases as they continue to dump off their holdings. You Might Also Like Thu, 02/05/2026 - 09:41 0 Shiba Inu in 24 Hours, SHIB Burn Rate Crashes 100% By Godfrey Benjamin Advertisement While onchain metrics are increasingly flashing bearish signals, giving investors no hope of a potential recovery soon, Shiba Inu holders are increasingly trading with caution following efforts to hedge against further losses. Amid the prolonged crypto market volatility, SHIB has continued to trade in the deep red territory and its price has declined notably by nearly 6% over the last day. Thus, the asset is trading at $0.000006325 as of the time of writing. If Shiba Inu fails to regain momentum, analysts are worried that the asset might add another zero soon. #Shiba Inu #Shiba Inu (SHIB) Price Prediction #Shiba Inu (SHIB) News