Shiba Inu Exchanges Losing SHIB: 207,000,000,000 in 24 Hours

With 207 billion SHIB starting exchanges in a 24-hour period, Shiba Inu recently reported another significant exchange rate event. It’s one of the biggest withdrawals in a single day in months, so it’s not a small accumulation wave.

Also, this type of signal is important in a market where sentiment has been unstable. According to CryptoQuant date, there was a net flow of 121 billion SHIB on November 15 for himself, and then the same pattern continued until November 16.

Are the withdrawals not enough?

This consistent flow of withdrawals is a reliable sign of long-term strategy. Spot selling pressure dries up, and the likelihood of a deep breakout decreases dramatically when exchanges lose supply at this rate.

The chart is brutally honest about the fact that SHIB is still pinned under strong technical resistance, so why hasn’t the price broken down yet? Shiba Inu is still far below all major media movements. Like dynamic resistance, all three are convergent and inclined.

Shiba Inu’s lack of momentum

The price is currently trading between $0.0000090 and $0.0000093, which is a local support zone that has held several times without breaking the market structure to the upside. Weak moment but no yield is indicated by the RSI at around 39. The fact that volume is steady rather than breaking out suggests that holders are waiting rather than fleeing.

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People remove tokens from exchanges because they are willing to endure volatility rather than panic-selling, which is in line with the flow data. In other words, instead of entering a liquidation phase, SHIB has entered an accumulation phase.

The price must recover at least $0.0000105, the first resistance cluster where the moving averages start to stack overhead, to make a strong move higher. The next significant breakout point after that is $0.0000112.

So far, this discovery is not bullish. However, there is more under the surface: supply disappears from exchanges at a rate that typically precedes significant changes in trends. Even if the chart does not reflect yet, SHIB may be laying the foundations for a recovery leg if the flow trend persists and the price maintains this support band.