CryptoQuant data showed 226 billion SHIB moved onto exchanges despite price gains, signaling rising selling pressure across the market. Exchange deposits outpaced withdrawals, while buyers ma
Shiba Inu (SHIB) has climbed back into positive territory even as on-chain data points to growing selling pressure. According to CryptoQuant, more than 226 billion SHIB moved to cryptocurrency exchanges after the token’s exchange netflow dropped by over 97%. The latest figures suggest that traders are depositing more tokens on exchanges despite the recent price recovery.
Exchange activity often provides insight into investor behavior before major price movements. Although it does not determine market direction on its own, rising exchange deposits frequently indicate that holders are preparing to sell. Consequently, the latest SHIB data has drawn attention because the token is advancing while bearish exchange signals strengthen.
According to CryptoQuant, the exchange netflow declined by more than 97% during the last 24 hours. At the same time, net inflows reached more than 226 billion SHIB as of Saturday, August 1. The figures indicate that deposits exceeded withdrawals during the reporting period, reflecting stronger selling activity across exchanges.
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The growing volume of SHIB entering exchanges contrasts with the token’s recent market performance. Despite the rise in exchange deposits, SHIB gained more than 7% over the same period, showing that buying demand remained strong enough to support higher prices.
Moreover, the current trading pattern resembles last week’s rally when Shiba Inu surged by more than 30% within a single day. However, exchange data now reflects a different market structure, with sellers becoming increasingly active while buyers still absorb incoming supply.
This divergence has become one of the key developments traders are monitoring. Rising exchange balances often increase the amount of cryptocurrency available for sale, which can place additional pressure on prices if buying demand weakens.
Nevertheless, SHIB’s latest price performance suggests that market participants have continued purchasing the token despite the heavier exchange inflows. As a result, bullish momentum has remained intact even as bearish indicators have strengthened beneath the surface.
Additionally, exchange flow data represents only one part of the broader market picture. Price trends also depend on liquidity, investor sentiment, and overall cryptocurrency market conditions. Therefore, traders often evaluate exchange activity alongside other technical and on-chain indicators before reaching conclusions.
The difference between SHIB’s price recovery and its exchange activity has created an unusual market setup. According to CryptoQuant, deposits have increased significantly even while the token extends its gains, highlighting competing forces between buyers and sellers.
Market participants will likely watch whether buyers can absorb additional exchange supply in the coming sessions. Sustained demand could support the ongoing recovery, while stronger selling pressure may test the resilience of the recent rally.
Shiba Inu has delivered positive price performance despite exchange data reflecting stronger selling intentions. According to CryptoQuant, more than 226 billion SHIB entered exchanges while netflow dropped by over 97%, creating a notable divergence between on-chain activity and market performance. The interaction between rising exchange deposits and sustained buying demand remains the key development shaping SHIB’s near-term market outlook.
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