Early indicators of a structural change in Shiba Inu are beginning to appear, and this time, the signal is not solely based on price.
Shiba Inu netflows turn negative
$SHIB recorded an exchange netflow of about -260 billion tokens over the past 24 hours, suggesting a substantial outflow from centralized exchanges. Coins are being drawn into private wallets, which lessens the pressure to sell right away. That kind of movement usually indicates one thing.
From the perspective of market mechanics, this is one of the better developments $SHIB has witnessed in recent weeks. When the metrics are broken down, exchange reserves are still slightly declining, which supports the notion that exchange supply is thinning out. Concurrently, active addresses have increased by more than 1%, indicating increasing engagement rather than a declining user base.
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