Shiba Inu (Shib) registered a netflow of -34.8 trillion Shib Exchange exchange and marked considered one of the most important one -day exchange drains in 2025. Such negative netflows are typically interpreted as a bullish on-chain signal, which indicates a discount in liquid supply and possible accumulation by long-term owners.
Shiba inu Active addresses collapse into all-time low-wing no characters from FOMO and that’s the point
Shiba Inu (Shib) exchange Netflows deep red. Source: Cryptoquant
This sharp decline within the substitute token arrives during a price stagnation, with Shib currently being traded near $ 0.00000014. Although the value promotion is damped, the extent of the drain suggests strategic repositioning, probably of corporations that slightly hold than trade.
Shibs Price has shown a hardly any immediate response to the drain and sticks to a descending triangle on the 4-hour table. The resistance of 0.000000147 US dollar stays intact, while the support at 0.000000140 continues to function a basis.
Shib 4-hour price diagram. Source: Tradingview
Technically speaking, the setup signals the approaching volatility. But the shortage of upheaval, despite the drains, raises a key query: Where is the demand?
Shiba Inu Active addresses collapse on all lows
The answer may be in retail behavior. Intotheblock data show that the lively variety of address from Shib has collapsed to almost zero levels, which reflects an entire absence of retail participation. This structural decline existed in 2024 and early 2025.
Shib addresses have dropped to minimal values. Source: Intotheblock
Historically speaking, Shib ranges have summarized with retail corporations in lively addresses. The current flatlining suggests that retail doesn’t yet return when leaving the provision exchanges. This is an important factor if the value is to follow.
The futures market strengthens this careful tone. Shib's open interest is suppressed, while the OI-weighted financing rate has shown a mostly neutral to barely negative distortion prior to now two weeks.
Shibs financing rates are barely positive. Source: Coinglass
The financing rates freaked out several times in April and early May, which indicates that short positions easily outweighed the length. However, the newest stabilization near zero shows that the leverage effect is minimal and the mood is balanced, neither openly bear nor bullish.
This lack of conviction on the derivative market is common in accumulation zones when large actors define positions without triggering greater volatility.
No signs of fomo – and that’s the point
What makes the present environment unique is the shortage of hype. Shib exchange balance sheets fall, the Futures financing is neutral, transaction activity is low, lively addresses beats.
Remarkably, this mixture prior to now marks the late stage of a consolidation area, which frequently goes into an outbreak as soon as a requirement catalyst appears. B. macrow housing, updates for ecosystems or Meme-Münzmarktrotation.
Whether Shib follows that the pattern is determined by whether the depreciation capital enters the Meme-Münzraum again.
