Shiba Inu is under pressure. While the broader crypto market attempted a modest recovery, on-chain data shows approximately 157 billion SHIB tokens were moved into exchanges within 24 hours. This level of exchange inflow points to distribution activity, not accumulation. Holders appear to be preparing to sell, not hold.

Bearish Structure Remains Intact

SHIB's price has attempted to stabilize. At the time of writing, Shiba Inu is trading at around $0.00000602, up 3.58% in the last 24 hours.

Higher lows have formed in recent sessions. On the surface, this appears constructive. In reality, these lows are developing within a dominant downtrend and beneath firm resistance. A pattern forming under those conditions carries little weight. The current phase is consolidation, not reversal.

Any upward move from this position is vulnerable. Without fresh capital entering the market, rallies are unlikely to hold.

Exchange Reserves and Volume Tell the Same Story

Exchange reserves have climbed alongside the surge in inflows. Rising reserves typically precede selling, not buying. Netflow data for SHIB confirms this, registering flat to negative readings over the same period.

Volume has not responded. Buying pressure remains weak. Supply is growing on exchanges while demand stays muted. That imbalance consistently works against price recovery.