Shiba Inu Outflow Rises 191.89% as Inflows Surge 354.32%

Shiba Inu (SHIB)'s 7-day average exchange outflow increased by 191.89%, while the same metric for average inflows rose 354.32%. The simultaneous expansion of both outflows and inflows means further indicators are needed to assess a potential bullish reversal. U.Today reported on April 14 that SHIB's exchange inflow-outflow trends showed increased outflows alongside a sharp rise in inflows.

While an increase in outflows may reduce immediately sellable supply, it does not guarantee price appreciation. Exchange holdings rose by 0.5% during the same period. Despite ongoing trading activity, analysts noted that SHIB is not accumulating significantly on exchanges. On-chain activity also saw a modest rise, with active addresses and receiving addresses increasing by 0.89%, though the growth was not substantial enough to indicate a sharp network expansion.

In terms of inflow metrics, the average inflow size rose by 1.9% and total exchange inflows increased by 1.71%. The 7-day moving average for average inflow growth reached 354.32%, surpassing outflow growth. Exchange outflows refer to token movement from exchanges to external wallets, while inflows indicate movement from external wallets to exchanges.

U.Today noted that if outflow increases continue and the current support structure holds, selling pressure could be limited. However, a stronger recovery would require increased trading volume and a breakout above recent consolidation levels. Conversely, if inflow growth translates into actual selling, demand may weaken and exchange holdings could rise, potentially testing SHIB's previous support levels.

The figures presented show separate increases in outflow and inflow rates without indicating net inflow size. Therefore, neither metric alone can definitively determine short-term price direction. Analysts emphasized the need to monitor both outflows and net inflows for a clearer picture of market dynamics. The data reflects U.Today's April 14 analysis, with raw figures not directly visible on CryptoQuant's public chart.