Shiba Inu Back to Bullish Zone as 111 Billion SHIB Make Selling Pressure Fade
Analysis
Price Impact
MedA large outflow of shib from exchanges indicates increased buying pressure, which is a positive sign for the price. however, the overall impact is moderate as meme coins are highly volatile and influenced by broader market sentiment.
Trustworthiness
MedPrice Direction
BullishThe significant net outflow of 111 billion shib from exchanges suggests that more investors are accumulating the token rather than selling, indicating renewed demand and a bullish sentiment. this is further supported by the recent price increase.
Time Effect
ShortThe netflow data and price change are reported over the last 24 hours, suggesting a short-term bullish momentum. however, the sustainability of this trend depends on continued buying pressure and broader market conditions.
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Article Content:
Cover image via U.Today Shiba Inu netflow spikes 5.26% Shiba Inu regains $0.000006065 Advertisement Shiba Inu is back in demand after multiple days of seeing massive amounts of SHIB tokens exit exchanges amid rising selling pressure. Nonetheless, market sentiment appears to have flipped in favor of the dog-themed meme token as its exchange activity over the last 24 hours shows that demand has outweighed sales. Shiba Inu netflow spikes 5.26% According to data provided by crypto analytics platform Cryptoquant, Shiba Inu has seen its traders purchase more tokens than they have sold over the past day. HOT Stories XRP's Role in 'Internet of Value' to Lead Tokyo XRPL Summit, Bitcoin Reclaims $70,000 Amid $110 Oil, 460 Billion Shiba Inu (SHIB) From Revolut Hits Coinbase: Morning Crypto Report Bitcoin Surges Past $69K, $196M Worth of Shorts Liquidated As such, the Shiba Inu exchange netflow has surged by about 5.28% over the last 24 hours, sitting at -111,677,000,000 SHIB as of the early hours of Monday, April 6. Advertisement Although the metric shows that the Shiba Inu exchange netflow has flipped extremely negative, it has brought relief to rising market fear as it marks a bullish signal for SHIB. You Might Also Like Sat, 04/04/2026 - 12:55 Shiba Inu Trend Turns Uncertain After Quick Golden to Death Cross Shift By Tomiwabold Olajide This is so because the metric indicates that the amount of SHIB scooped out of exchanges for buying purposes over the last 24 hours is massively larger than the amount of tokens returned to exchanges for sales, by over 111 billion SHIB. Advertisement This means that more traders are showing renewed interest in SHIB, and they are increasingly buying the asset as demand grows. Shiba Inu regains $0.000006065 The surge in demand has fueled an upside momentum for SHIB’s price as data from CoinMarketCap shows that the asset has switched to the green territory, showing a notable daily price increase. Source: CoinMarketCap Over the past day, Shiba Inu has surged by 4.25% over the last 24 hours, trading at $0.000006065 as of writing time. With such a positive exchange flow coinciding with an increase in its trading price, Shiba Inu may be headed for a major price breakout. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction