28 Billion SHIB Makes Exit: Netflow Flips Bullish Again
Analysis
Price Impact
MedA large net outflow of shib from exchanges suggests increased buying pressure, which historically can precede price increases. however, the broader market is still volatile and shib's price is currently in the red, tempering the immediate impact.
Trustworthiness
MedPrice Direction
BullishThe significant net outflow of 28 billion shib from exchanges indicates that more tokens are being moved for buying than for selling. this accumulation trend, if it continues, typically leads to price appreciation.
Time Effect
ShortExchange netflow is a real-time indicator. while the potential for price recovery is indicated, the actual price movement will depend on continued buying pressure and broader market sentiment in the short term.
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Article Content:
Cover image via U.Today Shiba Inu eyes recovery Shiba Inu still in red Advertisement Shiba Inu has continued its downward trend as the broader crypto market volatility persists. However, its exchange activity is beginning to provide a bullish outlook. As market sentiment is still barely positive, it appears that traders are beginning to show conviction in the leading meme token again and they have begun to buy more tokens over the last day. Shiba Inu eyes recovery Although Shiba Inu has yet to see a major recovery in its price, its exchange flow shows that demand is rising and selling pressure has begun to fade. HOT Stories Analyzing XRP's Bounce Potential, Shiba Inu (SHIB) to Add 10% or Lose 10%? Can Zcash (ZEC) Get Back to the Top? Crypto Market Review Cardano Founder Teases Joe Rogan Appearance Data from crypto analytics platform CryptoQuant shows that the Shiba Inu exchange flow is currently sitting at -28,304,500,000 SHIB as of Saturday, June 20. Advertisement You Might Also Like Sat, 06/20/2026 - 10:02 Shiba Inu Hits 1.59 Million Onchain Holders After June Adds 3,464 New Wallets By Tomiwabold Olajide This shows that the amount of SHIB tokens moved out of exchanges in the last 24 hours for buying purposes is more than the amount of tokens returned to exchanges in attempts to sell by over 28 billion. As such, the demand for the asset is rising, and it has begun to overwhelm the selling pressure seen in the previous days, which positions Shiba Inu for a potential price recovery. Advertisement Shiba Inu still in red Nonetheless, it is important to note that the bullish Shiba Inu exchange netflow arrives at a time when the broader crypto market is showing signs of a potential recovery, as the prices of leading crypto assets like Bitcoin and XRP show modest gains. However, this is yet to be the case for SHIB , as its price is still trading in the red, showing a decline of 1.28% over the last 24 hours and trading at $0.000004710 as of the time of writing. Although the bullish exchange performance has yet to reflect in SHIB's current trading price, analysts are convinced that the asset will turn positive in the near future if demand persists. #Shiba Inu #Shiba Inu (SHIB) Price Prediction #XRP