Shiba Inu exchange holdings drop but buying demand remains unclear
Shiba Inu (SHIB)
Editor:
Eugene Serbin
digitaltoday.co.kr reports that Shiba Inu’s exchange holdings have fallen, potentially easing selling pressure. U.Today noted on Oct. 6 that net outflows exceeded inflows, meaning fewer tokens are available for immediate sale. On-chain analytics firm CryptoQuant stated exchange holdings dropped 0.11 percent to about 88.03 trillion tokens.
The dollar value of these holdings slipped 1.42 percent to approximately $519.4 million. However, withdrawal volumes have decreased from earlier levels, with the seven-day moving average of withdrawals down 51.4 percent. Active addresses rose only 0.87 percent, showing no major change in network activity.
Shiba Inu traded at about $0.00000589, rebounding from below $0.00000500 in September. It rose above $0.00000565, a zone where buying emerged during recent pullbacks. Resistance lies in the $0.00000600 to $0.00000610 range, with September’s peak of $0.00000630 as the next target. If price slips below $0.00000560, recovery could weaken and prices may retreat to the $0.00000500 to $0.00000540 range.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 7 October 2026. Not the outlet's figures.
SHIB traded at $0.000005790 with a 1-hour buy ratio of 60.7%, indicating strong short-term buying interest. This contrasts with the 4-hour buy ratio of 46.8%, suggesting that buying pressure is fading over a slightly longer timeframe. The 24-hour buy ratio sits at 50.1%, showing a balanced but slightly bullish sentiment over the full day. Volume delta was positive +$56,204 in the last hour, reflecting immediate buy-side aggression. Over 4 hours, the delta turned negative at -$73,525, indicating that sellers have taken control in that window. The 24-hour volume delta was +$7,151, but cumulative CVD closed at -$479,349, revealing that net selling pressure outweighed buying over the day.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
The 24-hour buy ratio of 50.1% is slightly higher than the 7-day average of 50.8%, showing a marginal shift toward buying compared to the week's norm. Volume was 0.74x the average, indicating a quieter trading day than usual. Net buying occurred in 12 of the last 24 hours, while the weekly average shows net buying in only 5 of 7 days. This suggests the current day is more active in terms of buying frequency than the weekly trend. The price change over 8 days was +0.5%, with a total volume delta of -$143,023, confirming a generally subdued weekly flow.