Shiba Inu traded near $0.00000514 over the last day, up 3.92%, while about 81 billion SHIB changed hands. The price move is modest in the wider picture, but exchange data is drawing attention. Netflow, which tracks coins entering exchanges minus coins leaving them, is negative 32.76 billion SHIB. In simple terms, more tokens went out than came in. Holders often move coins off exchanges when they plan to keep them, so this can point to less selling pressure. Still, one big wallet can skew a single day.
Exchange Outflows Point to Lower Selling Pressure
The reserve chart supports the outflow story. Total SHIB on exchanges fell sharply in the middle of the last seven days and has stayed low since. The reserve now sits at 87.09 trillion tokens and moved just 0.02% in 24 hours, so the drop has not reversed. That matters because a falling reserve can mean fewer coins are immediately available to sell. I think the next few days matter more than the one-day netflow print. If outflows continue, the trend looks healthier. If the reserve starts to rise, holders may be sending coins back to trade.
Network Activity Picks Up
Network use is growing too. Active addresses grew 1.01% to 165,200, and the chart shows a clean jump at the end. More people using the chain while coins leave exchanges is a better mix than outflows alone. SHIB climbed from a low near $0.00000494 and now trades near the top of its daily range. Over four hours, it is flat, down 0.10%.
The bigger picture remains weak. SHIB is down 15.31% over 180 days, 25.50% this year and 50.19% over one year. A 90-day gain of 24.23% shows buyers are slowly coming back, but the token still has a lot of lost ground to recover.
Derivatives Stay Quiet
Derivatives look calm. Liquidations were only $28,800 in 24 hours, and $26,230 of that was shorts. Bears got hurt more than bulls. On OKX, the long/short ratio is 2.79, so traders there lean long. Futures volume is small, with OKX at $9.01 million, LBank at $7.60 million and MEXC at $5.16 million. That means the move has little leverage behind it. It may be healthy, but it also means weak conviction.
What to Watch Next
Two things are worth watching. First, whether netflow stays negative for several days, because one big day may just be one big wallet moving funds. Second, whether the reserve begins to rise, which could suggest holders are sending coins back to sell. If outflows continue, SHIB could attempt to move toward $0.0000052, the top of its recent range. A drop below $0.00000494 could cancel the hopeful view. Right now, the data leans positive, but SHIB needs more volume and steady buying to turn a small bounce into a real recovery.
