TLDR
- Shiba Inu recorded a net exchange outflow of 84,014,000,000 tokens within 24 hours.
- CryptoQuant data showed exchange netflow remained negative despite a 0.56% increase in the same period.
- Coinglass reported $5.95 million in inflows and $6.13 million in outflows over the past day.
- Shiba Inu price fell for three straight days before rebounding more than 5% in the latest session.
- Derivatives data showed $186,080 worth of SHIB positions were liquidated within 24 hours.
Shiba Inu (SHIB) recorded heavy exchange withdrawals as price swings triggered liquidations across derivatives markets. Data shows 84,014,000,000 tokens left exchanges within 24 hours while price volatility persisted. The shift occurred as SHIB rebounded 5% after three consecutive daily declines.
Shiba Inu Outflow Reaches 84,014,000,000 Tokens
On-chain data from CryptoQuant shows total exchange netflow reached -84.014 billion SHIB in 24 hours. The metric rose 0.56% during the same period while remaining negative. This reading confirms more tokens exited exchanges than entered trading platforms.
Negative netflow reflects holder accumulation as users transfer assets into private wallets. Higher outflows reduce immediate sell pressure on spot markets. CryptoQuant data confirms this accumulation trend during recent price weakness.
Coinglass spot flow data reported $5.95 million in inflows and $6.13 million in outflows. The difference reached $181,350 within the same timeframe. At the current price of $0.000006061, the gap equals nearly 30 billion SHIB tokens.
Shiba Inu Price Rebounds After Three-Day Decline
SHIB declined for three consecutive days starting Tuesday after rejection at $0.00000644. The token lost 6% before finding support. However, price gained over 5% during the latest trading session.
The rebound followed a dragonfly doji candlestick on the daily chart. The pattern indicated buyers regained control before the session closed. Market data shows Asian trading hours supported the upward move.
At press time, SHIB price trades near the $0.000060 resistance area. A break above this level could push prices higher in the short term. A rejection may send the token toward $0.00000545 or $0.00000507 support levels.
Liquidations Increase as Volatility Persists
Derivatives data shows $186,080 in SHIB positions were liquidated within 24 hours. Long positions accounted for $139,200 of the total. Short positions made up $46,880 during the same period.
Short-term charts show rising pressure on bearish traders. In the 12-hour timeframe, short liquidations reached $38,710. Long liquidations stood at $12,700 within that window.
The data reflects increased volatility during the rebound phase. Price fluctuations triggered forced closures across leveraged positions. Exchange flow metrics continue to track Shiba Inu outflow as trading activity evolves.
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