Shiba Inu exchange reserves have dropped to approximately 86.1 trillion SHIB, dangerously approaching the psychologically significant 100 trillion threshold. This decline indicates that investors are transferring their tokens to private wallets rather than holding them on centralized platforms, with total exchange netflow reaching around -145 billion SHIB. Despite this improvement in on-chain fundamentals reducing liquid supply, SHIB price remains stuck in a prolonged downtrend, trading near $0.0000041. The RSI indicator stands at 38, below the neutral level of 50, confirming persistent selling pressure without sufficient buying momentum to reverse the trend.
Source: Read the original article
