470 billion SHIB inflows to exchanges: Are there any signs? Original link: The data clearly indicate that SHIB is in a vulnerable position. When approximately 470 billion SHIB are transferred to exchanges in a short period, the risk balance is immediately shifted. Exchange inflows show intent but do not necessarily mean immediate selling. Tokens transferred to exchanges are a liquidity option rather than a commitment for long-term cold storage. SHIB is currently below all major moving averages on the price chart and remains in a steady downtrend. Although short-term exponential moving averages (EMA) continue to compress the price, the 200-day moving average (MA) remains sloped downward, serving as a macro resistance. The bottom structure is noteworthy. After a prolonged period of selling, the price is forming a shallow ascending base, a classic compression pattern. It has not yet formed a bullish pattern, but it is also not in free fall. The Relative Strength Index (RSI) is at a low 40 level, indicating that sellers are losing strength rather than buyers gaining control. This phase shows signs of fatigue. Although the market is no longer aggressively selling, it is not confidently buying either. The dynamics of exchange flows are very important when interpreting inflows because large inflows during panic differ from inflows during consolidation. On-chain indicators are more nuanced. Net inflow growth (+1.57%) confirms that short-term pressure has not yet weakened, but exchange reserves increasing (+0.06%) suggest the availability of supply is rising. Usually, this combination hints at two possibilities. In the first scenario, the current wedge collapses, inflows lead to actual selling pressure, and SHIB either retests or slightly dips below recent lows before finding real demand. Although tidy, this scenario is not aesthetically pleasing. In the second scenario, the market absorbs inflows, maintains the base, and excess supply fuels a sharp rebound when sellers are exhausted. If exchange inflows continue to increase while prices do not decline, it indicates market resilience. If inflows surge again and prices lose their base, prices could accelerate downward. While SHIB has not made a decision, it is clear that the market is in a state of anticipation.