According to CryptoQuant, Shiba Inu outflows from exchanges exceeded inflows, pushing its netflow to -95,682,500,000 SHIB as of October 24. This negative balance, down by about 3% over the past 24 hours, indicates that demand is outpacing selling pressure and creating a bullish divergence. Despite this, SHIB’s price fell by more than 5%, losing support at $0.000005 and hovering around $0.000004815. The divergence between exchange activity and price action suggests that traders may be accumulating the token during the decline, creating the possibility of a price recovery.
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