Shiba Inu Buying Spikes After Oversold Alert as 443.2B SHIB Exits Exchanges in Four Days
AI Market Summary
CryptoQuant data show ~443.2B SHIB net outflows from exchanges over four days after an oversold RSI (~21.8) and a local low, indicating accumulation and reduced immediately available exchange supply. Continued outflows despite ongoing price weakness suggest deliberate positioning by larger holders, though SHIB remains range-bound with residual selling pressure. Near-term impact is primarily microstructural, affecting SHIB liquidity and short-term volatility more than broader crypto.
Impact level
● Low
Affected assets
SHIB/USDT-1.28%
AI Insight · SHIB/USDTAI Insight
● Neutral
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Shiba Inu (SHIB) is seeing a sharp pickup in accumulation after flashing an oversold signal. CryptoQuant data shows more than 443.2 billion SHIB was withdrawn from exchanges over the four days following a local price bottom.
Accumulation started on June 25, when SHIB dipped to $0.00000415 and the daily RSI slid to 21.84. Net outflows hit 158.35 billion tokens in the first 24 hours alone. Withdrawals continued on June 27 even as the price extended its decline, pointing to intentional buying rather than reactive momentum chasing.
According to U Today, larger players appear to be steadily absorbing available supply instead of waiting for a clear rebound. SHIB is now trading in a narrow band around $0.0000041, with selling pressure still evident.
