Shiba Inu Faces Growing Pains with Record Exchange Inflows

The Shiba Inu (SHIB) cryptocurrency has seen a substantial increase in exchange inflows, with approximately 549 billion SHIB heading towards exchanges. This development, coupled with the existing market structure, raises concerns about the asset's ability to sustain stability in the near future.

Technically, SHIB is still stuck in a larger downward trend, as evidenced by its price action. Moving averages are sloping downwards and serving as dynamic resistance, while lower highs and lows persist on the chart.

The on-chain side presents an equally cautious picture, with increasing inflows typically indicating selling activity. The current scale suggests that market participants are more willing to liquidate positions rather than accumulate SHIB, tipping the balance in favor of supply at a time when demand already appears precarious.