Shiba Inu (SHIB) 8 trillion tokens flowed out of exchanges... Whale accumulation signaling the official start

Shiba Inu Coin(SHIB) shows abnormal on-chain movement. In the past 24 hours, approximately 8 trillion SHIB tokens have been withdrawn from centralized exchanges, marking one of the largest single-day outflows this year.

According to U.Today, this large-scale withdrawal is analyzed not as a short-term sell-off but as a move by large investors (commonly known as “whales”) based on strategic rebalancing or holding intentions. Usually, a surge in exchange outflows indicates reduced selling pressure, and the token supply is effectively being taken out of circulation. Especially when outflows reach the trillions level like this time, it can impact short-term supply and demand and intensify price volatility. In fact, SHIB’s accumulated liquidity has sharply contracted over the past week.

From a technical perspective, uncertainty remains high. SHIB’s price has failed to break above the 200-day moving average, and the Relative Strength Index(RSI) hovers around the 40s, indicating an unclear direction. Trading volume is also fluctuating with insufficient momentum. From the charts, asserting an upward trend is premature. However, recent prices have formed a short-term consolidation pattern, with the downward momentum easing. This can at least be interpreted as an initial sign of a potential bottom.

Interestingly, retail investors are displaying a mixed situation of inflows and outflows, while large investors are actively withdrawing funds from exchanges, showing a silent accumulation trend. Especially if these funds are being transferred to decentralized finance(DeFi) platforms or simply moved into wallets for safekeeping, it could form a structure that alleviates selling pressure in the future.

Considering the overall market structure, it appears that SHIB is entering a bottoming phase amid the disappearance of obvious selling pressure. A short-term rebound is still possible, but for a strong bullish trend reversal, trading volume recovery and technical breakthroughs are still needed.

Article summary by TokenPost.ai

🔎 Market Interpretation

8 trillion SHIB tokens withdrew from exchanges in one day, suggesting the possibility of accumulation by major holders. This may not signal a short-term price surge but could indicate a long-term structural shift in holdings.

💡 Strategic Highlights

The absence of strong actual selling pressure is a positive sign. Focus should be on confirming bottom support lines and whether trading volume can recover.

📘 Terminology Explanation

• Exchange Outflow(: The act of transferring assets from exchanges to external wallets, possibly reflecting long-term holding intentions or use of DeFi.

• RSI): Relative Strength Index; an indicator measuring overbought or oversold conditions of an asset, typically below 30 indicating oversold, above 70 indicating overbought.

TP AI Precautions

This article uses a language model based on TokenPost.ai for summarization. The main content of the original article may be omitted or may differ from actual facts.