-207,000,000,000 Shiba Inu (SHIB) in 24 Hours, But It’s Getting Better on Exchanges – U.Today

After several weeks of intense downside pressure, Shiba Inu has faced one of its sharpest sell-offs of the year. Yet fresh on-chain data signals that conditions may be stabilizing. A major shift in exchange flows and positioning suggests the steepest phase of the correction could be nearing exhaustion.

Massive outflows point to easing sell pressure

Exchange netflow data shows roughly 207 billion SHIB leaving trading platforms over the last 24 hours. Large net outflows often indicate that holders are transferring tokens to self-custody, which typically reduces immediate selling pressure. This behavior tends to emerge when market participants pivot from panic-driven exits to accumulation or longer-term holding strategies.

Price action remains fragile

Despite improving flows, price action has stayed choppy. SHIB recently broke below a short-term consolidation range, pressing to new local lows and remaining beneath key moving averages—an arrangement that keeps the broader technical trend bearish. Selling has dominated recent sessions, with volume spikes accompanying down moves and reinforcing the presence of active sellers.

Liquidity absorption and early signs of stabilization

The combination of falling exchange reserves and improving netflows hints at a meaningful structural shift. As tokens move off exchanges, available liquidity for immediate selling thins, and opportunistic buyers may be stepping in at perceived discounts. This dynamic can slow the pace of declines even when overall sentiment remains cautious.

From a technical standpoint, SHIB has slid into oversold territory on common momentum gauges. Historically, such readings often precede at least short-lived relief rallies as bearish momentum fades and sellers become exhausted. While this does not guarantee a full trend reversal, it raises the probability of a pause or bounce after the recent drawdown.

What to watch next

• Exchange netflows: Continued outflows would support the case for waning sell pressure and potential accumulation.
• Momentum and structure: Evidence of basing or higher lows could signal consolidation rather than continuation of the downtrend.
• Key levels: Reclaiming recently lost support zones and then major resistance areas is essential to shift the medium-term outlook back to bullish.
• Broader market tone: A steadier backdrop across the crypto market would improve the odds of a sustained recovery attempt.

Bottom line

Shiba Inu is still navigating a fragile environment, with price action under key moving averages and sellers active on declines. Even so, the sizable 24-hour outflow of about 207 billion SHIB and the slide into oversold conditions suggest the market may be finding its footing after a punishing stretch. Consolidation appears the most likely next phase; if outflows persist and the broader market stabilizes, SHIB could attempt a move back toward recently lost support levels. Durable upside, however, will depend on reclaiming major resistance and re-establishing bullish momentum.