Shiba Inu Exchange Selling Pressure Cools as Netflows Drop to 65 Billion SHIB
Selling pressure on Shiba Inu (SHIB) has shown signs of cooling following a recent market drawdown across the cryptocurrency space. Net transfers of the token onto trading exchanges dropped to roughly 65 billion SHIB on Saturday, October 10, down significantly from earlier levels in the hundreds of billions.
While exchange netflows remain positive—meaning more tokens are being deposited to sell than withdrawn for purchases—the smaller gap indicates that heavy sell-side momentum is dissipating. The drop in deposits suggests trader anxiety is subsiding as the market attempts to stabilize.
Investors will monitor whether netflows can turn negative, which would signal that buying demand is outpacing selling activity. Market participants are also watching whether broader trading sentiment can sustain a longer-term recovery for the asset.
Key points
- Shiba Inu exchange netflows dropped to roughly 65 billion SHIB on October 10 from previous peaks in the hundreds of billions.
- Exchange netflows remain positive, meaning sell-side deposits still exceed buy-side withdrawals by about 65 billion tokens.
- The sharp slowdown in exchange deposits indicates that heavy selling pressure across the token market is easing.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
Why is Shiba Inu selling pressure decreasing?
Shiba Inu selling pressure is decreasing as exchange netflows fell to about 65 billion SHIB from hundreds of billions, showing fewer traders are transferring tokens to exchanges to sell.
What does positive exchange netflow mean for Shiba Inu?
A positive netflow means more Shiba Inu tokens are moving to exchanges to sell than are being withdrawn for buying. However, the drop to 65 billion SHIB shows seller dominance is weakening.
Is demand returning to Shiba Inu?
Recent trading activity suggests sell pressure is fading and demand may be returning, though net inflows show sellers still maintain a slight edge over buyers.