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Quick market read from this story
Shiba Inu exchange netflows recorded -157 billion SHIB, indicating accumulation in private wallets
A large whale withdrew 65.2 billion SHIB ($394,000) from CoinOne exchange, marking its first withdrawal in months
SHIB exhibits a strong negative correlation with Bitcoin, suggesting a potential rebound as BTC recovers
Drying liquidity on exchanges and significant whale transactions hint at an incoming price rebound for SHIB.
Deep Dive
Shiba Inu (SHIB) is experiencing a downtrend, trading around $0.0000055. Despite this, recent on-chain data suggests potential for a price rebound due to decreasing exchange liquidity and significant whale activity.
Data from CryptoQuant reveals that Shiba Inu exchange netflows have dropped to -157 billion over the past month. This negative netflow signifies that investors are withdrawing substantial amounts of SHIB from exchanges, likely transferring them to private wallets for long-term holding or staking. Such a reduction in available supply on exchanges is typically viewed as a bullish indicator, potentially easing short-term selling pressure and paving the way for price stabilization or recovery.
An additional 117 billion SHIB were withdrawn from exchanges in the last 24 hours, further fueling speculation of an impending rebound.
A notable whale transaction occurred recently when an unknown wallet address withdrew 65.2 billion SHIB, valued at approximately $394,000, from the CoinOne exchange. This address has a history of only making withdrawals, indicating a consistent pattern of moving assets off exchanges. Following this transaction, the wallet holds 1.616 trillion SHIB, worth about $9.45 million. This sustained accumulation by large holders suggests long-term conviction in the asset.
Currently, SHIB is trading around $0.0000055, showing a 10.79% decrease over the past week but attempting stabilization. The token has found support between $0.0000059 and $0.0000061, with resistance levels identified at $0.0000078–$0.0000081. A sustained hold above support could initiate a rally towards the resistance zone, while a break below might lead to further declines towards $0.000005.
Shiba Inu exhibits a moderate to strong negative correlation with Bitcoin (BTC). Recent price action shows that SHIB's trajectory is closely tied to Bitcoin's performance. As Bitcoin shows signs of recovery, with a minimal 0.24% drop in the last 24 hours to $66,255, Shiba Inu also recorded a milder decline of 3.1%. On a monthly basis, BTC is down 20% and SHIB is down 22%. Analysts suggest that SHIB typically requires Bitcoin's strength to initiate a significant rally.
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X (formerly Twitter) now allows sponsored crypto promotions with a mandatory 'Paid Partnership' label, though restrictions apply in the EU, UK, and Australia. The platform is also developing X Money and Smart Cashtags for integrated trading.
Ethereum's price has fallen 60% from its 2025 high, with DEX volumes down 55% in six months. However, the network still dominates DeFi TVL (65% with L2s) and sees continued institutional building, positioning it for potential future demand.
During a geopolitical crisis involving the US and Iran, Bitcoin saw a sharp decline to $63,000 while gold surged to $5,400. The event challenged Bitcoin's "digital gold" narrative, as investors favored traditional gold and tokenized gold over BTC during the peak fear. This demonstrated a clear risk-off sentiment, with crypto behaving more like equities than a safe-haven asset.
New Bitcoin whales have accumulated $120 billion worth of BTC at an average price of $98,000, despite the current price struggling around $65,000. This significant buying pressure during price dips is being interpreted by some as a bullish signal mirroring past rallies, while others view it as a potential trap given recent exchange inflows.
Ethereum's price remains stagnant at $1,950 despite a significant imbalance in staking, with 36,000 times more ETH entering staking than exiting. This lack of upward price movement, even after a $6.8 billion supply lockup, suggests market indecision. Potential reasons include anticipation of lower prices, institutional selling offsetting retail staking, or whale hesitation.
Dogecoin is consolidating in a tight range around $0.095, with resistance at $0.094-$0.095 and support near $0.090. Open interest has significantly declined from its peak, indicating reduced leverage and risk appetite in the derivatives market.
Dogecoin (DOGE) faces a critical support level at $0.087, with technical indicators like hidden bearish divergence suggesting downside risk. Rising supply in profit indicates potential selling pressure from short-term traders on any upward movement.
Dogecoin ETFs have seen zero net inflows since February 3rd, with low trading volumes reflecting a lack of investor interest. This follows a period of price decline for DOGE, which has struggled to maintain momentum after an early year rally.
Shiba Inu saw 337 billion SHIB tokens removed from circulation in 24 hours, a significant supply reduction. However, the price has not reacted positively due to prevailing bearish market sentiment and technical resistance. On-chain improvements are currently insufficient to overcome the negative market structure.
SHIB burn volume has plummeted to near zero after a weekend of significant burning activity, with only 20,176 SHIB torched in the last 24 hours, representing a 99.88% drop. This follows a period where tens of millions of SHIB were burned. The price of SHIB has also seen a notable decline, falling over 15% in the past week.
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Solana price is consolidating within a three-week triangle pattern. A break above $88.60 resistance is eyed as a key signal for potential upside. Solana has reclaimed the Ichimoku cloud on the four-hour chart for the first time since January. Moving averages (50 MA crossing 100 MA) also indicate a short-term momentum shift.
Bitcoin mixers enhance privacy by obscuring transaction origins through pooling and redistribution. Mixero.io offers CoinJoin with an optional Monero bridge, starting at 0.7% fees. Tornado Cash, a decentralized Ethereum mixer, has over $1 billion TVL. Wasabi Wallet integrates CoinJoin with a 0.3% coordinator fee, waived for small transactions.
Bitcoin futures open interest declined to $32 billion, lowest since August 2024 in BTC terms. Annualized premium on Bitcoin monthly futures dropped to 2%, indicating reduced demand for leveraged positions. Despite futures demand drop, CME Bitcoin futures open interest remains at $7.5 billion, suggesting institutional presence. Bitcoin options market shows balanced demand with put-to-call premiums near 0.7, indicating no major stress.
US prosecutors seek forfeiture of $327,829 in USDT linked to a crypto romance scam. Victim was defrauded after being convinced to invest in a fake cryptocurrency opportunity. Funds were laundered through multiple wallets and converted to USDT. This action follows recent warnings from US prosecutors about crypto-related romance scams.
Core Scientific reported Q4 revenue of $79.8 million, missing estimates of $122.08 million. The company posted a Q4 loss of $0.42 per share, wider than the expected $0.08 loss. Core Scientific is expanding its colocation platform and AI-focused infrastructure services. Riot Platforms reported Q4 revenue of $647.4 million, significantly exceeding estimates.
TD Securities views NYSE's tokenized equities plan as a market structure turning point for institutional adoption. The NYSE platform aims for 24-hour trading and near-instant settlement of tokenized stocks and ETFs. This development integrates blockchain settlement within existing US market rules and NBBO requirements. Tokenized assets, particularly RWAs, have seen continued capital inflows despite broader market volatility.
ETH has experienced six consecutive monthly price declines, a streak not seen since the 2018 crypto winter. Despite record network usage, ETH's price has fallen approximately 60% from its all-time high. Derivatives data shows a significant drop in ETH futures open interest and a premium on downside protection in options markets. US-listed Ethereum ETFs have seen $2.6 billion in outflows over the past four months, and major stablecoin market caps have slowed.
Bitfinex Securities is resuming USDt-denominated bond issuances on Bitcoin's Liquid Network. Previous issuances totaled $6.2 million, with four offerings and over $1.1 million in coupon payments made. The bonds offer crypto-native investors yield on USDt holdings, targeting emerging market private credit. This occurs amidst ongoing regulatory debate in the US regarding stablecoin yield products.
Chainlink CCIP enables cbBTC transfers from Base to Monad. Over $5 billion in Bitcoin-backed liquidity can now enter Monad's DeFi ecosystem. Monad aims to attract transaction-intensive financial applications with its high-throughput EVM-compatible L1. This integration enhances Bitcoin's utility by enabling yield generation opportunities within Monad's DeFi.
OpenAI secured a Pentagon deal for AI deployment in classified environments. Contract language allows "all lawful purposes," raising concerns about AI use in surveillance and weapons. Public backlash led to a surge in Anthropic's Claude app downloads, surpassing ChatGPT. A philosophical difference exists between OpenAI and Anthropic regarding contract safeguards versus technical and legal frameworks.
Ripple executed its largest RLUSD stablecoin mint to date, totaling 69 million tokens. The minted RLUSD tokens are reportedly routed to the Gemini exchange. RLUSD market cap has surpassed $1.5 billion, indicating significant supply growth. Recent exchange integrations and partnerships, including Binance and LMAX Group, are driving RLUSD adoption.
US Supreme Court declined to hear AI copyright case Human authorship rule for copyright protection remains intact AI-generated works continue to face legal limits on intellectual property claims
Digital asset investment products saw $1 billion in inflows, reversing five weeks of outflows. Bitcoin attracted $881 million, leading the recovery, while Ethereum saw $117 million in inflows. Solana attracted $53.8 million in inflows last week, contributing to $156 million year-to-date. Solana price action shows consolidation between $82.00 support and $88.20 resistance.
IPO Genie offers tokenized pre-IPO access, aiming to democratize early-stage investment opportunities. The platform utilizes AI for deal discovery and provides on-chain visibility for retail investors. Presale has raised over $1.25M, with a low $10 entry point and tiered participation benefits. The project highlights Redwood AI's successful listing as a validation of its early-signal prediction capabilities.
US lawmakers face gridlock and partisan divides slowing comprehensive digital asset market structure bill progress. Debates over stablecoin yield and upcoming midterm elections further complicate legislative advancement. Market cooling has reduced urgency for new crypto legislation compared to periods of high market performance. A Senate Banking Committee bill on securities laws remains unaddressed after a cancelled markup.
Ripple relocked 700 million XRP into escrow following the standard monthly release. XRP price is trading near $1.39, showing a 3% increase in the past day. Large inflows of approximately 470 million XRP to Binance were observed within a week. Analysts suggest XRP could test resistance near $1.38-$1.42, with potential upside to $1.47 and beyond if volume increases.
Banking lobbyists have stalled the U.S. Senate's Digital Asset Market Clarity Act by arguing stablecoin rewards threaten traditional lending. The OCC's interpretation of the GENIUS Act adds complexity, leaving the crypto industry at a crossroads regarding concessions on rewards versus the potential loss of the Clarity Act.
ProCap Financial acquired 450 BTC, increasing total holdings to 5,457 BTC. Concurrently, the company repurchased 782,000 shares below NAV to reduce its share price discount. ProCap's mNAV is currently 0.24.
Bitcoin surged over 6% to near $70k during U.S. market open, driven by U.S. hours liquidity and institutional flows via ETFs and CME futures, not liquidations. A sustained CME premium above 1% suggests ongoing institutional demand, while oil price volatility and ETF inflows remain key factors to watch.
Signal context only. Validate with price action, liquidity, and risk limits before taking a position.
