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Shiba Inu's exchange outflow metric drops 61% in 24 hours, signaling reduced selling pressure.

Technical Signals
23 May 2026, 06:00 WIB
UToday
View Source
Bearish
Shiba Inu's exchange outflow metric drops 61% in 24 hours, signaling reduced selling pressure.

Shiba Inu (SHIB) has seen a sharp 61% drop in its bullish exchange outflow metric within the last 24 hours, indicating fewer tokens are being withdrawn from exchanges. This suggests traders and large holders are less aggressive in moving assets amid ongoing market uncertainty. Despite this stabilization in on-chain activity, SHIB's technical outlook remains weak, trading below key moving averages and vulnerable to further declines if the broader crypto market worsens. The reduced outflows may hint at a potential recovery attempt if SHIB holds above support and outflows continue to decline.

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