SHIB Exchange Netflow Drops 97% As Bears Take Control

Shiba Inu recently faced a sharp drop in its exchange netflow, recording a staggering 97 percent decline. This sudden shift caught the attention of traders who monitor token movements closely. When netflows fall this drastically, it usually points to shifting strategies among large holders and everyday traders alike.

At the same time, the metric turned heavily bearish with more than 226 billion SHIB sitting on the positive side. This means more tokens are moving onto trading platforms compared to the amounts leaving them. Such a pattern often suggests that sellers might be preparing to unload their bags, which puts extra downward pressure on the price.

Traders and market watchers will keep a close eye on these exchange balances in the coming days. If the heavy inflows continue, the price might struggle to find solid footing. On the other hand, a sudden reversal in these flows could signal a change in momentum for the popular meme coin.