Shiba

Shiba Inu

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<p><a href="https://en.coin-turk.com/shiba-inu-maintains-strength-despite-market-volatility/" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) has reversed course following its swift rally in recent days, slipping back into a downward trajectory. On-chain data reveal intensified exchange activity, suggesting growing selling pressure as the price dropped by more than 3% over the last 24 hours.</p>
<h2 id="exchange-flow-turns-sharply-negative">Exchange flow turns sharply negative</h2>
<p>According to figures from CryptoQuant dated Wednesday, June 17, the net flow of Shiba Inu tokens to exchanges shifted deep into negative territory. Billions of SHIB were seen returning to trading platforms in a single day, indicating that the urge to sell is gaining traction in the short term. CryptoQuant is widely recognized for its monitoring of both on-chain and exchange-based metrics for cryptocurrencies.</p>
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 <p>CryptoQuant data show that the volume of Shiba Inu tokens moving into exchanges now exceeds outflows, underscoring a pronounced tilt toward selling over buying in the past 24 hours.</p>
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<p>The growing gap between inflows and outflows points to investors transferring their holdings to exchanges, readying themselves to sell. As a result, SHIB’s net exchange inflow has ballooned to 25,245,300,000 tokens.</p>
<h2 id="profit-taking-dominates-after-the-rally">Profit taking dominates after the rally</h2>
<p>Analysts say profit taking has emerged as the dominant force, especially among short-term traders capitalizing on the recent price run-up. During the latest surge, top cryptocurrencies including SHIB gained around 10%, fueling speculation that the meme coin could once again challenge the $0.000006 level.</p>
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 <p>Market expectations called for Shiba Inu to reclaim the crucial $0.000006 mark during the rally, but waning momentum has led to renewed selling pressure for the token.</p>
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<p>Yet, this renewed attempt at a breakout has so far failed to stick. With SHIB now dipping below the $0.000005 threshold again, the recent uptrend has proven unsustainable for the time being.</p>
<h2 id="return-of-buyers-will-be-key-for-recovery">Return of buyers will be key for recovery</h2>
<p>Market watchers note that the door remains open for a potential short-term rebound. However, for a meaningful turnaround, a return of buyers is essential, along with a shift back to positive exchange flows that would indicate renewed demand.</p>
<p>The overall picture shows that SHIB’s recent volatility has tipped the short-term balance toward selling. Unless there is a tangible improvement in on-chain metrics, persistent downward pressure on price appears likely.</p>
<p>Key indicators reinforce the current bearish sentiment. The net exchange inflow stands at 25,245,300,000 SHIB, the price has fallen more than 3% in the past 24 hours, the main watched resistance is $0.000006, and SHIB is now trading below $0.000005.</p>
<p>Analysts emphasize that confirmation of a short-term bottom and a path to recovery would require evident signals of accumulation and a pivot back toward net positive exchange activity.</p>
<p>While short-term holders dominate with profit-taking moves, major market participants are also fiercely protective of critical levels, evidenced by sharp volume spikes on both upswings and pullbacks.</p>
<p>Ultimately, eyes remain fixed on whether buying appetite in SHIB can revive. Market watchers advise closely tracking real-time exchange and on-chain flows for the next major move.</p>
<p>The post <a href="https://en.coin-turk.com/over-25-billion-shib-flood-exchanges-what-does-this-signal-for-the-market/" rel="noopener noreferrer nofollow">Over 25 billion SHIB flood exchanges! What does this signal for the market?</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Over 25 billion SHIB flood exchanges! What does this signal for the market?

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