Shiba Inu remained under pressure on the daily chart, staying below major moving averages and slipping below a short-term ascending structure. Even so, CoinGlass data showed stronger spot activity, larger exchange outflows, and falling reserves. The mix points to early stabilization signals after weeks of weakness.
Spot net flow for SHIB rose by more than 283%, showing a sharp pickup in real trading activity. That move matters as spot flow reflects direct buying and selling, not only leveraged positioning.
At the same time, exchange outflows topped 580 billion SHIB, while inflows reached about 461 billion SHIB. More tokens left exchanges than entered them, which is often linked to accumulation or lower sell pressure.
Exchange reserves also moved closer to the 80 trillion SHIB region. Lower reserves usually mean fewer tokens remain available for immediate selling on exchanges.
Derivatives data painted a more cautious picture. Futures flow continued to show uneven negative net inflows, which suggested that speculative traders still held back.
Liquidation data also stayed low. The market did not show signs of panic, and it did not show a euphoric rebound either.
Bitcoin also cooled after a strong upside earlier in the quarter. As a result, traders rotated capital instead of lifting bids across the wider crypto market.
Read More: SHIB Futures Netflow Drops 306% as Traders Pull Back Near Support
SHIB still faces long-term bearish pressure from its high supply. The token carries nearly 589 trillion coins, which keeps supply pressure elevated.
The project has also struggled with broad adoption. Shibarium, the SHIB metaverse initiative, and ShibOS have drawn attention, yet they have not produced real-world adoption.
SHIB’s 2021 rally also depended on a major burn event tied to Vitalik Buterin. He received half of SHIB’s supply and burned 90% of the tokens he received. Another burn of that scale remains unlikely.
Macro conditions also continue to matter. Risk appetite stays weak, inflation remains a concern, and investors have moved away from risky assets. A rate cut or easing tensions between the US and Iran could shift that mood.
Shiba Inu remained under bearish pressure as price action stayed below major moving averages. Still, rising spot activity, stronger exchange outflows, and declining reserves suggested that selling pressure may be easing. Traders now watch broader crypto conditions and Bitcoin’s direction for signs of a stronger SHIB recovery.