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Shiba Inu exchange outflows plunge 75 percent in unexpected setback for bulls

Shiba Inu (SHIB) exchange outflows fell sharply, weighing on expectations of a near-term rise. The seven-day average outflow dropped 75.55 percent to about 261.7 million SHIB, while the seven-day average inflow rose 24.13 percent to 595.68 million SHIB. Exchange balances in SHIB also edged higher. The data do not clearly point to broad capitulation, but the simultaneous rise in inflows and fall in outflows is not a setup favored by bulls.