{"content":"Shiba Inu Sees 263 Billion $SHIB Withdrawn from Exchanges, Signaling Growing Investor Confidence On-chain data indicates a notable shift in Shiba Inu (SHIB) market dynamics, as approximately 263 billion SHIB tokens were withdrawn from centralized exchanges within the past 24 hours. This large-scale movement suggests renewed investor confidence following weeks of sustained selling pressure. According to CryptoQuant data, SHIB’s exchange netflow declined by 292 billion tokens, while exchange reserves dropped by 0.35%, leaving around 82.66 trillion SHIB still held on trading platforms. Meanwhile, active addresses increased by nearly 1%, signaling a modest uptick in holder engagement. The timing of these withdrawals is particularly significant. After falling below key support at $0.0000115 and reaching lows near $0.0000095, SHIB has since rebounded to approximately $0.0000104. The withdrawals coincided with this recovery, suggesting that whales and long-term investors may be accumulating at discounted prices. From a technical perspective, SHIB remains within a descending wedge pattern, with resistance between $0.0000122 and $0.0000133, and the 200-day EMA acting as a key ceiling. The broader trend remains bearish until these levels are decisively broken. However, the recent spike in outflows could help mitigate further downside pressure in the short term. Following a heavy sell-off in October, this move toward self-custody may represent an early phase of accumulation and market stabilization. Nonetheless, traders should exercise caution — trading volume remains subdued, and the RSI sits in a neutral-to-oversold range, suggesting ongoing consolidation rather than a confirmed reversal. Sustained outflows could tighten exchange supply and support a gradual recovery, but reclaiming the $0.0000115 level remains the critical milestone to confirm renewed bullish momentum #shibaInu #SHİB ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/16/0ce0bf655f1049e9e626a592e7272fb0.png"],"tags":[],"tradingPairs":["SHIB/USDT"],"quotearticleid":0}