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Shiba Inu recorded a sharp shift in on-chain behavior over the past day after roughly 101 billion SHIB tokens moved off centralized exchanges. The activity unfolded as prices hovered near a closely watched support zone following renewed market volatility.
Exchange withdrawals of this size often coincide with reduced short-term selling pressure, as tokens moved to private wallets typically remain unavailable for immediate sale. The timing stands out after months of steady distribution pressure that shaped Shiba Inu trading patterns since late 2024.
On-chain data shows the single-day withdrawal ranks among the larger exchange outflows recorded in recent months. The move contrasts with prior periods when SHIB balances on centralized platforms stayed elevated amid persistent selling. This shift suggests holders adjusted positioning rather than exiting exposure outright.
At the same time, total exchange reserves edged lower alongside negative netflow readings. Inflow and outflow volumes remained active, pointing to internal repositioning rather than reduced participation. Trading activity continued, even as net balances declined.
Lower exchange balances reduce the volume of tokens available for immediate sale. As a result, bearish pressure can weaken when fewer tokens sit on trading platforms. Continued withdrawals into the weekend would further tighten available supply.
On price charts, Shiba Inu continues to trade within a tightening triangle structure. Lower highs press downward while marginally higher lows form from below. This type of compression often precedes sharp price expansion once the range breaks.
Recent sessions show sellers struggled to push prices decisively lower. Each decline met stronger absorption near support. Buying activity increased near the same levels where sellers previously gained control.
Still, broader timeframes retain bearish traits. Declining moving averages hover above the price and create layered resistance zones. Any upside attempt would encounter technical friction before momentum could build.
Also Read: Shiba Inu Sees Major Exchange Outflows as On-Chain Data Points to Strategic Accumulation
SHIB last traded near $0.0000072 in December 2025 during a wider market selloff. Recovery attempts stalled at the time. Earlier this month, buyers briefly regained control and pushed prices toward $0.00001 before momentum faded again.
Yesterday, broader market weakness dragged SHIB back toward the same $0.0000072 area. Buyers responded quickly and limited follow-through selling. Price now trades near $0.000007276 as this zone remains under defense.
The market experiences persistent high levels of short-term price fluctuations. The price movement during the last 24 hours reached between $0.0000075 and $0.0000071. The support level at $0.00000748 not succeed and became a resistance point. The current support level stands at $0.00000724, while the next support level exists at $0.0000069, which will activate if selling continues.
Buyers who defend the $0.00000760 base will determine February positioning according to the pressure that builds toward the $0.00000782 to $0.00000826 resistance range. The open interest reached a stable point because spot outflows decreased,d which indicated that selling activity had diminished. The market is currently waiting to determine whether the decrease in exchange supply will impact the market equilibrium.
Shiba Inu recorded a 101B SHIB exchange outflow as prices hovered near a critical support zone. Exchange reserves declined while volatility stayed elevated. Technical compression continued, with buyers defending key levels. February price direction now depends on whether support holds as supply on exchanges tightens.
