SHIB Exchange Inflow Average Activity Rises 216% with Additional 1.6 Billion SHIB

SHIB's average exchange inflow activity has increased by 216%, with an additional 160 million SHIB added to the metric, according to U.Today. The price remains below major moving averages, making it difficult to determine trend reversal based on a single indicator.

U.Today reported that 160 million SHIB was added to the exchange inflow average metric, with related activity rising by 216%. This metric refers to the average size of individual transactions entering exchanges. CryptoQuant defines exchange inflows as movements from external wallets to exchange wallets. The average exchange inflow indicates the average deposit size per transaction, and a 7-day moving average is used to track short-term large deposit flows.

An increase in exchange inflows can signal more sellable supply, though internal transfers or storage-related movements may also be included, meaning it does not necessarily reflect actual selling. Price action has diverged from on-chain activity increases. SHIB has traded around $0.00000485 after failing to break above the resistance zone of $0.00000520–$0.00000530. It has fallen below the 7-day and medium-term moving averages at $0.00000500–$0.00000515, turning previous support into resistance. The long-term moving average remains above current price at approximately $0.00000565.

SHIB rebounded from around $0.00000410 in July to nearly $0.00000620 in August but failed to sustain the rise. A September rebound also stalled near $0.00000550. The Relative Strength Index (RSI) has fallen below 50, indicating neutral territory. U.Today suggests that for improvement, SHIB needs to recover the $0.00000500–$0.00000515 range and break above $0.00000550. Conversely, a drop below $0.00000480 could lead to further tests of $0.00000460–$0.00000440 and the July low at $0.00000410.

This data shows a short-term expansion in SHIB's exchange inflow-related activity, but whether net inflows and trading volume have increased or if the inflow has led to actual selling requires further analysis. The previous analysis by this outlet noted that on-chain activity increases alone do not indicate a bullish reversal. On-chain activity reflects multiple movements including buying, trading, and wallet transfers. Similar cases where both inflows and outflows expanded simultaneously made it difficult to determine price direction.

Exchange inflow averages differ from net inflows or exchange holdings. Therefore, the 216% increase alone cannot calculate SHIB's net selling volume or price drop magnitude. Earlier reports noted that when exchange inflows exceeded outflows, they signaled supply flow in SHIB. However, it was emphasized that such inflows relate to sellable supply but do not equate to actual selling intent.