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The drop in Shiba Inu (SHIB) price to local lows became a signal for large-scale accumulation, as net token outflows from exchanges exceeded 443.2 billion coins over the past four days. According to CryptoQuant, investors launched a continuous cycle of withdrawals to wallets immediately after the price updated its local bottom at $0.00000415 on Thursday, June 25, pushing the daily RSI to a critical 21.84.
The reaction from major players to extreme oversold conditions followed immediately. In the first 24 hours alone, net exchange outflows reached 158.353 billion SHIB, sharply reducing the available market supply.
From June 25 to June 28, netflow bars remained steadily in negative territory, and even when the price resumed its gradual slide on Saturday, June 27, the charts recorded a new wave of limit buying, bringing the total outflow since Thursday to 443.205 billion SHIB.
Why SHIB's immediate rebound is facing heavy headwinds
Today, the price is trapped in a narrow flat range around $0.0000041, and although the candles of recent days have decreased in size, signaling a temporary pause, exchange outflows continue despite standard market logic.
Usually, a decline in prices is accompanied by an inflow of coins from panicking retail investors, but the current dynamics prove the opposite: free supply is being methodically absorbed by large capital.
Yes, a quick rebound is currently being held back by systematic profit-taking from one of the oldest whales, renowned for buying 103 trillion SHIB for $13,752, who distributed around 3.8 trillion SHIB in June, as well as a daily outflow of $2.38 million from the futures market, which reduced overall volatility.
But the bulk of volume remains much higher, at the $0.00000500 level, and amid a total draining of exchange order books, any strong buying surge risks running into a complete lack of sellers, which could trigger a rapid short squeeze toward medium-term average values.
U.Today Editorial Team
Dan Burgin
