Shiba Inu sees reduced exchange outflows and rising net inflows amid growing short-term pressure

Shiba Inu's average exchange outflow has decreased by 78% compared to its recent peak, weakening the on-chain signal that had been supporting its price.

According to blockchain media U.Today, as of May 15 (local time), SHIB is experiencing a slowdown in outflows alongside a shift to net inflows, increasing short-term supply pressure.

The key metric is the seven-day moving average of average exchange outflow. The latest figure shows an average outflow of approximately 421.6 million SHIB, down 55.75% from the previous period and nearly 78% lower than its most recent peak. A sustained decline in tokens leaving exchanges typically signals reduced immediate liquidity, which has been undermined by this decrease.

Other exchange metrics also appear unfavorable for SHIB. Total inflows rose by 1.07% to approximately 239.28 billion SHIB, while total outflows increased by 1.3% to about 236.97 billion SHIB, resulting in a net inflow of roughly 231 million SHIB. This indicates that more tokens are entering exchanges than leaving.

Exchange reserves remained relatively stable at around 8.719 trillion SHIB. While no large deposit influx has been observed yet, the shift to net inflows and reduced average outflows have weakened the previous supply-side advantage.

Network activity saw a slight improvement, with transaction volume up 1.22%, active addresses increasing by 1.13%, and active receiving addresses rising by 1.29%. However, these improvements did not translate into price breakthroughs. SHIB is currently trading around $0.00000514, hovering near the short-term moving average between $0.0000050 and $0.0000052.

The key resistance level remains just above $0.0000056 to $0.0000057 on long-term moving averages. A breakout above $0.0000054 could reopen the possibility of testing the $0.0000056 to $0.0000058 range, while a drop below $0.0000050 might open the path toward $0.0000048 and potentially $0.0000045.

The market is now focusing on the divergence between on-chain trends and price movements. While network utilization metrics have slightly improved, the combination of reduced outflows and a shift to net inflows has weakened supply-side defenses. The 78% reduction in outflows does not immediately signal further selling pressure, but the loss of an existing support signal while prices remain technically vulnerable is adding to market concerns.