I saw that there has been crazy activity in Shiba Inu's market flows over the past 24 hours. While there was almost no movement over the weekend, suddenly 182 billion SHIB tokens entered exchanges on Monday morning. This means an abrupt 113% increase. Looking at CryptoQuant data, the situation becomes clearer. The amount of Shiba in exchange reserves has risen from 81 trillion on February 15 to today’s 8.3 trillion. In other words, holders are collectively switching to a selling position. Instead of buying at lower prices and selling higher, they are now exiting. Such flows usually indicate price pressure. When demand remains weak, increasing supply doesn’t help at all. Shiba has declined 22% over the past 30 days, and the main support zone has fallen to $0.0000064. The concerning thing is that even though everyone tries to recover a bit, a wave of selling immediately follows. However, there is an interesting point: the number of active wallets and trading volume on the network are still increasing. This shows that some users are becoming even more active. If activity continues even as the price drops, it might be approaching a bottom.

SHIB0.85%
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