Shiba Inu（Shib）寄存器-34.8萬億硬幣交換網流出

Shib已註冊-34.8萬億硬幣交換網絡，標誌著2025年最大的一日交易所外流之一。

Shiba Inu (SHIB) registered a -34.8 trillion SHIB exchange netflow, marking one of the largest one-day exchange outflows in 2025. Such negative netflows are typically interpreted as a bullish on-chain signal, suggesting a reduction in liquid supply and possible accumulation by long-term holders.

Shiba INU（SHIB）註冊了-34.8萬億什b交換NetFlow，標誌著2025年最大的一日交換流出之一。這種負的Netfrows通常被解釋為看漲的鍊鍊信號，表明長期持有人會減少液體供應和可能的積累。

This sharp drop in exchange-held tokens arrives during a period of price stagnation, with SHIB currently trading near $0.000014. Though price action remains muted, the magnitude of the outflow suggests strategic repositioning, likely from entities seeking to hold rather than trade.

在價格停滯期間，這種交換保存的代幣中的急劇下降到達，目前SHIB的交易接近0.000014美元。儘管價格行動仍然存在，但流出的幅度表明了戰略重新定位，這可能是由於尋求保持而不是貿易的實體。

SHIB’s price has shown little immediate reaction to the outflow, holding tightly within a descending triangle on the 4-hour chart. Resistance at $0.0000147 remains intact, while support at $0.0000140 continues to serve as a base.

Shib的價格幾乎沒有立即對流出的反應，在4小時圖表上緊緊地保持在下降的三角形中。阻力為$ 0.0000147，保持完整，而支撐為$ 0.0000140，繼續用作基礎。

Technically, the setup signals impending volatility. But the lack of upward breakout despite the outflows raises one key question: Where is the demand?

從技術上講，設置信號即將波動。但是，儘管流出了，但缺乏向上的突破提出了一個關鍵問題：需求在哪裡？

The answer may lie in retail behavior. Data from IntoTheBlock shows that SHIB’s active address count has collapsed to nearly zero levels, reflecting a complete absence of retail participation. This structural decline has persisted throughout 2024 and into early 2025.

答案可能在於零售行為。來自Intotheblock的數據表明，SHIB的主動地址數量已崩潰到近乎零，這反映出完全沒有零售參與。在2024年和2025年初，這種結構下降一直持續存在。

Now, if anything, retail traders are completely absent from the Shiba Inu market. As we know, SHIB rallies usually coincide with huge spikes in active addresses, but this time, even with the supply leaving exchanges, there are no new users. This is a crucial factor if price is to follow.

現在，如果有的話，零售交易者完全不在志願品INU市場上。眾所周知，Shib集會通常與主動地址的巨大尖峰一致，但是這次，即使供應離開交流，也沒有新用戶。如果要遵循價格，這是至關重要的因素。

The futures market reinforces this cautious tone. SHIB’s open interest remains subdued, while the OI-weighted funding rate shows a mostly neutral to mildly negative bias over the past two weeks.

期貨市場加強了這種謹慎的基調。 Shib的開放興趣仍然柔和，而OI加權的融資率在過去兩周中顯示出大多是中性至輕度負偏見的。

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Funding rates flipped negative multiple times in April and early May, implying that short positions slightly outweighed longs. However, the recent stabilization near zero indicates that leverage is minimal and sentiment is balanced, neither overtly bearish nor bullish.

資金率在4月和5月初多次翻轉負數，這意味著短職位略高於渴望。但是，最近接近零的穩定性表明槓桿率很小，情感是平衡的，既不是看跌也不是看跌。

This lack of directional conviction in the derivatives market is common during accumulation zones, when large players establish positions without triggering major volatility.

在積累區域中，當大型參與者建立位置而沒有觸發重大波動時，在衍生品市場中缺乏定向信念。

What makes the current environment unique is the absence of hype. SHIB Exchange balances are falling, futures funding is neutral, transaction activity is low, active addresses are dormant.

使當前環境與眾不同的是沒有炒作。 Shib Exchange餘額正在下降，期貨資金是中性的，交易活動較低，主動地址處於休眠狀態。

Notably, this combination historically marks the late-stage of a consolidation range, often followed by a breakout once a demand catalyst appears—such as macro recovery, ecosystem updates, or meme coin market rotation.

值得注意的是，這種組合歷史上標誌著整合範圍的後期，一旦出現需求催化劑，通常會突破 - 例如宏恢復，生態系統更新或模因硬幣市場旋轉。

Above all, whether SHIB follows that pattern depends on whether sidelined capital chooses to re-enter the meme coin space.

最重要的是，SHIB是否遵循該模式取決於旁邊的資本是否選擇重新進入模因硬幣空間。