$SHIB SHIB just sold 10 billion tokens to exchanges — what does this mean?

Shiba Inu recently experienced a remarkable 26% surge in net inflows on exchanges within 24 hours. On September 30, 23.1 billion SHIB entered exchanges — the largest fluctuation in weeks. Sounds bullish? Not necessarily.

Here's the issue: despite the massive inflow, exchange reserves are actually **decreasing overall**. On centralized platforms, a reduction in token holdings typically indicates holders are holding firm, but this particular move suggests profit-taking. Some large investors are positioning themselves for volatility.

**Price-wise, SHIB is stuck**. It’s trading within a tight triangle pattern around $0.0000117. Buyers are defending the support zone between $0.0000110 and $0.0000115, but sellers are testing this area repeatedly. Resistance remains strong at $0.0000128 to $0.0000136 — the 100-day and 200-day EMAs are holding firm.

The real red flag? **Trading volume is weak**. RSI hovers between 39 and 45, indicating waning momentum. Without fresh buying pressure, SHIB could easily drop back to the support level at $0.0000100.

In summary: on-chain data is mixed, technicals are weak, and momentum is stalled. The inflow data might look bullish on paper, but in reality, it’s profit-taking. Until we see a surge in trading volume, exercise caution.