Shiba Inu (SHIB) is showing signs of strength: the price is holding at $0.00000514, having gained 3.92% over 24 hours, while a large volume of tokens is leaving exchanges. The net flow—the difference between tokens entering and leaving exchanges—is minus 32.76 billion SHIB. A negative value indicates more coins left than entered. Holders typically transfer coins from exchanges to personal wallets, indicating reduced selling pressure. Reserve data confirms this: the total volume of SHIB on exchanges sharply decreased in the middle of the last seven days and has remained low since. The current reserve is 87.09 trillion tokens, changing by only 0.02% over the day, indicating the decline has not reversed.
Network usage is also growing: active addresses increased by 1.01% to 165,200, with a noticeable jump at the end of the chart. More network users amid outflow of coins from exchanges is a better combination than just outflow.
SHIB has risen from a low of around $0.00000494 and is trading at the upper boundary of the daily range. Over four hours—unchanged, minus 0.10%. The overall picture remains weak: SHIB has lost 15.31% over 180 days, 25.50% since the beginning of the year, and 50.19% over the year. However, a 24.23% increase over 90 days shows that buyers are gradually returning.
Derivatives are calm: liquidations over the day amounted to only $28,800, with $26,230 in shorts. Bears suffered more than bulls. On OKX, the long to short ratio is 2.79, indicating traders there lean towards long positions. Futures volumes are small: OKX – $9.01 million, LBank – $7.60 million, MEXC – $5.16 million. This means there is little leverage behind the movement: on one hand, this could be a positive signal, on the other, it indicates weak conviction.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.