🚨 More than 264 billion SHIBA INU flow into exchanges, pushing SHIB selling pressure below $Shiba Inu ($SHIB ) is facing renewed market headwinds after a massive wave of tokens flowed into centralized cryptocurrency exchanges. On-chain metrics reveal a significant positive net inflow to exchanges over a 24-hour period, accelerating selling pressure and pushing SHIB down from its weekend high of $0.0000061 to trade below $0.0000053.Exchange Token Inflows and On-Chain Whale ActivityData tracked by CryptoQuant highlights a sharp imbalance between tokens flowing into and out of exchanges:Net inflow of 264.24 billion: Total exchange inflows rose to 599.18 billion SHIB, while outflows reached only 334.94 billion tokens, leaving a positive net exchange balance of 264.24 billion SHIB ready for trading or liquidation.Whale-sized transfers: The activity of large holders dominated inflow volume. The average of the 10 largest exchange inflows reached 10.63 billion SHIB, while the average of the 10 largest outflows was only 3.56 billion, suggesting that major market participants are moving assets to highly liquid exchanges.•Exchange reserves exceed 87 trillion: Total SHIB held in exchange reserves rose to 87.12 trillion tokens (worth ~$461.73 million), increasing immediately available sell-side liquidity through order books.•Price Action and Key Technical Levels to WatchThe influx of supply into exchanges coincides with a broader market slowdown and weakening on-chain momentum:Retreat from recent local highs: After rising to $0.0000061, SHIB fell 2.85% over 24 hours to settle near $0.00000528. Despite the short-term decline, the asset remains up ~13.8% over the past month.•Critical Fibonacci support ($0.00000506): Technical analysts point to the 61.8% Fibonacci retracement level at $0.00000506 as the main line of defense. A drop below this level would expose deeper support near $0.00000475.Upper resistance ($0.0000055 – $0.0000057): Buyers must reclaim $0.0000055 as support to neutralize the current selling pressure and set up another attempt to reach $0.0000060+.•Basic Financial DisclaimerThis article is intended solely for educational and informational purposes and does not constitute financial, investment, legal, or trading advice. Digital assets, including meme tokens such as Shiba Inu, are subject to high market volatility and financial risks. Conduct your own independent research (DYOR) and consult a licensed financial advisor before making investment decisions.Will SHIB buyers defend the $0.0000050 support level, or will exchange inflows impose a deeper correction? Share your charts and price predictions in the comments below! 📊?