Shiba Inu Price Struggles After 92 Billion SHIB Inflows

About 92 billion SHIB joined the platforms in one day, while the price of Shiba Inu remained under pressure. The number seems considerable, but it barely represents 0.11% of the reserves held on the exchanges: the real problem mainly comes from the lack of buyers.

The 92 billion SHIB weigh only 0.11% of the reserves

The net inflows of Shiba Inu on the platforms reached 92.07 billion tokens in 24 hours, according to CryptoQuant. Deposits totaled 324.28 billion SHIB, against 232.21 billion withdrawn during the same period.

A positive net flow means that more tokens arrived on the exchanges than left. These SHIB can be sold quickly, which theoretically increases the available pressure on the market. A deposit however does not prove that a sale actually took place.

The data puts the size of the movement into perspective :

• The platforms held 86,250 billion SHIB ;
• The net flow represented about 0.11% of these reserves ;
• The 92 billion tokens were worth nearly 450,000 dollars ;
• The total value of the reserves approached 418.32 million dollars ;
• The number of SHIB on the exchanges increased by only 0.11%.

The economic amount therefore remains modest despite an impressive number of tokens. This difference is explained by the extremely low unit price of SHIB, which was around 0.00000489 dollar. A few hundred thousand dollars are thus enough to produce a transfer counted in tens of billions of tokens.

The increase in reserves alone cannot explain a significant drop in price. It only indicates that the immediately tradable supply has slightly increased. The real effect depends on the volume of sell orders and especially on the buyers’ capacity to absorb them.

The weakness of buyers holds SHIB below 0.0000052 dollar

The dollar value of the reserves held by the platforms fell by 2.9%, even though their quantity of SHIB increased. This divergence shows that the depreciation of the token was stronger than the increase in the number of available units.

The main problem is therefore on the demand side. Shiba Inu tried to rebound towards 0.000006 dollar at the beginning of October, before being rejected. It then failed to maintain its gains above 0.0000052 dollar.

The price now moves below several important moving averages. The level of 0.000005 dollar constitutes a first psychological resistance, followed by a more difficult zone between 0.0000054 and 0.0000056 dollar.

The relative strength index also remains below 50. This indicator does not necessarily signal an imminent fall, but it confirms that buyers do not yet have enough momentum to regain control.

On the downside, the first support is around 0.0000048 dollar. A sustained break of this threshold could open the way to 0.0000044 dollar. Conversely, a return above 0.0000052 dollar, accompanied by an increase in volumes, would diminish the importance of the inflows observed on the platforms.

A series of deposits would matter more than a single day

The 92 billion SHIB do not constitute an isolated event. On October 23, net inflows had already reached about 77.3 billion tokens. The repetition of the phenomenon deserves more attention than the value recorded over 24 hours alone.

Several consecutive days of deposits would gradually increase the reserves available for sale. If the price continued in parallel to lose its supports, this combination would indicate that supply is growing faster than demand.

Flows can however change quickly. A few days earlier, nearly 95.68 billion SHIB had left the platforms in a single session. Presented in isolation, this movement could have been interpreted as accumulation. Yet it was not enough to cause a lasting price reversal.

These variations show the limits of daily data. Platforms sometimes move their funds between hot and cold wallets, while users can transfer tokens without immediate intention to sell them. Data providers do not necessarily record exactly the same addresses either.

The signal would become stronger if three elements evolved together: a sustained increase in reserves, several days of net inflows and a break of the support at 0.0000048 dollar. For now, the 92 billion SHIB illustrate additional selling pressure, but their weight remains too small to explain the drop alone.