According to Woofun AI, the SHIB market showed significant price and capital flow divergence. Although token prices continued to be pressured and fell below key support levels, exchange-level net outflow data sent strong bullish signals. As of October 24, the transaction price of SHIB had slipped to around $0.000004,815. This price level not only marked that it had fallen below the $0.000005 mark, which was previously viewed as an important line of defense, but also reflected that the short-term sell-off pressure was still heavy under the overall climate of caution in the cryptocurrency market.
However, in stark contrast to weak prices, on-chain capital flow data shows a very different picture: large amounts of SHIB are being transferred from centralized exchanges to private wallets, and this asset withdrawal is usually interpreted by veteran investors as a precursor to long-term holdings rather than short-term speculative sell-offs. In the current market environment, this phenomenon of “falling prices and reduced positions” is often seen as a typical characteristic of the bottom region, suggesting that smart capital may be using market panic to open positions at a low level, thus laying the groundwork for subsequent price recovery.
An in-depth analysis of the details of capital flows reveals that SHIB's net outflow within the exchange was approximately 95.68 billion units. CryptoQuant's original caliber was recorded at -95.68 billion, and the negative sign only indicates direction. This scale accounts for about 0.016% of its 589.24 trillion copies in circulation and 1.1% of the exchange's reserves of 87.24 trillion copies. The absolute volume is still limited. A negative value means that more tokens left the exchange than entered the exchange during the statistical period.
Notably, another set of data for the same period showed that SHIB's reserves on exchanges rose to 87.24 trillion units, in the opposite direction of net outflow. The two sets of data themselves contradict each other. The net outflow alone is not enough to determine whether holders are switching to cold wallets for a long time or only moving between internal exchange accounts.
Data compiled by Woofun AI shows that in the past 24 hours, SHIB's balance on the exchange fell by about 3%, and the net outflow trend continued. This was further interpreted as buyers remained active in the midst of uncertainty, and fund-raising activities were not interrupted. Many market analysts believe that exchange capital flow data is a typical leading indicator, and its changes are often ahead of price changes, so such blockchain data can send warning signals before major trend reversals occur in the market. The current trading dynamics of SHIB have drawn close attention from analysts who are looking for signs of trend reversal, trying to capture clues about changes in market sentiment from these subtle changes in capital flows.
Judging from the market structure, SHIB's price performance is still weak. Over the same period, its price has fallen by more than 5%, similar to the plight of many other cryptocurrencies trying to find stable support levels. However, it is against this backdrop of overall weakness that SHIB holders are moving their tokens out of exchanges at an increasingly rapid rate. When prices fall while fund-raising behavior increases, traders usually view this situation as a bullish divergence signal, which means that buyers may be using lower prices to establish positions, and this behavior is particularly common during times of market panic. Increased demand doesn't necessarily mean that prices will rebound immediately, as market sentiment, BTC movements, and overall liquidity will still have a profound impact on short-term price trends. As a market weather vane, the volatility of BTC often directly drives the follow-up response of altcoins, so the final performance of SHIB still needs to be assessed in a broader market environment.
Despite this, continued asset outflows may lay the foundation for future price recovery, reduce immediate selling pressure in the market, and thus create favorable conditions for the accumulation of bulls.
Looking ahead, investors will continue to pay close attention to exchange data and the evolution of price trends. If the current trend continues, that is, net outflows continue to expand and prices stabilize, then this indicates that the fund-raising momentum is still strong, and the probability of confirmation of the bottom of the market will increase significantly;
If buyers' demand continues to grow, SHIB is expected to eventually recover lost ground and rechallenge the $0.000005 critical resistance level. Although caution is still needed to avoid possible downside risks from early intervention, the latest exchange data is still viewed by some observers as one of the few positive signs in recent weeks.
This signal indicates that despite the apparent low price, the underlying capital structure is undergoing positive changes, and long-term investors may have regained control of the market to save strength for the next round of potential market rebound.