With exchange outflows exceeding one trillion $SHIB in a brief amount of time, Shiba Inu is exhibiting a change in on-chain behavior. That is a significant shift in the positioning of large holders, particularly in light of the months-long downtrend and low demand.
Both exchange inflows and outflows have increased, but outflows are outpacing inflows, according to the data. Net flow is still marginally negative, with total outflows at about 1.24 trillion $SHIB and inflows at about 1.13 trillion $SHIB.
Price not responding properly
At the same time, exchange reserves are still slightly decreasing. Instead of aggressive selling, this combination usually indicates a slow removal of supply from exchanges. However, the price is not responding, at least not yet.
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