Shiba Inu（Shib）寄存器-34.8万亿硬币交换网流出

Shib已注册-34.8万亿硬币交换网络，标志着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）注册了-34.8万亿什b交换NetFlow，标志着2025年最大的一日交换流出之一。这种负的Netfrows通常被解释为看涨的链链信号，表明长期持有人会减少液体供应和可能的积累。

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.

在价格停滞期间，这种交换保存的代币中的急剧下降到达，目前SHIB的交易接近0.000014美元。尽管价格行动仍然存在，但流出的幅度表明了战略重新定位，这可能是由于寻求保持而不是贸易的实体。

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的价格几乎没有立即对流出的反应，在4小时图表上紧紧地保持在下降的三角形中。阻力为$ 0.0000147，保持完整，而支撑为$ 0.0000140，继续用作基础。

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

从技术上讲，设置信号即将波动。但是，尽管流出了，但缺乏向上的突破提出了一个关键问题：需求在哪里？

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.

答案可能在于零售行为。来自Intotheblock的数据表明，SHIB的主动地址数量已崩溃到近乎零，这反映出完全没有零售参与。在2024年和2025年初，这种结构下降一直持续存在。

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.

现在，如果有的话，零售交易者完全不在志愿品INU市场上。众所周知，Shib集会通常与主动地址的巨大尖峰一致，但是这次，即使供应离开交流，也没有新用户。如果要遵循价格，这是至关重要的因素。

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.

期货市场加强了这种谨慎的基调。 Shib的开放兴趣仍然柔和，而OI加权的融资率在过去两周中显示出大多是中性至轻度负偏见的。

LIABILITY_PREFIXPourcentage minimal.

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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.

资金率在4月和5月初多次翻转负数，这意味着短职位略高于渴望。但是，最近接近零的稳定性表明杠杆率很小，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.

在积累区域中，当大型参与者建立位置而没有触发重大波动时，在衍生品市场中缺乏定向信念。

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.

使当前环境与众不同的是没有炒作。 Shib Exchange余额正在下降，期货资金是中性的，交易活动较低，主动地址处于休眠状态。

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，这种组合历史上标志着整合范围的后期，一旦出现需求催化剂，通常会突破 - 例如宏恢复，生态系统更新或模因硬币市场旋转。

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是否遵循该模式取决于旁边的资本是否选择重新进入模因硬币空间。