Shiba Inu has shown recent price stability, but a growing amount of tokens flowing into exchanges is increasing pressure on its short-term rebound.

Blockchain outlet The Crypto Basic reported on May 9 that CryptoQuant on-chain data showed Shiba Inu’s net exchange inflows over the past 24 hours totalled about 67.14 billion SHIB.

The key point is that exchange inflows exceeded outflows. Investors moved about 398.684 billion SHIB to exchanges over the period, while about 331.0 billion SHIB left exchanges. The gap increased net inflows remaining in exchange reserves and expanded the amount of tokens that could be traded or sold immediately in the market.

It is also notable that more than 67.0 billion SHIB flowed into exchange reserves in a single day. That suggests some holders may be preparing to take profits or sell after the recent rebound. Rising exchange deposits are typically seen as a factor weighing on short-term prices.

The nature of the inflows is also amplifying bearish signals. The average inflow transaction size was about 1.17 billion SHIB, far above the average outflow size of about 507 million SHIB. That suggests relatively large players may have driven the deposits. The market is watching whether these large deposits lead to actual selling.

Total exchange reserves also rose slightly. Shiba Inu’s total exchange reserves stand at 82.31 trillion SHIB, up 0.08 percent from 24 hours earlier. The increase itself is not large, but continued net inflows could be read as adding supply pressure.

Still, the price trend also shows signs of short-term stability. Shiba Inu has risen 9.58 percent over the past month, 3.12 percent over the past 7 days and 2.4 percent over the past 24 hours. Technically, it is forming an upward structure by setting higher lows after last month’s bearish trend, and buying is attempting to break above the 50-day exponential moving average (EMA).

Shiba Inu’s market value stands at $3.79 billion, ranking 28th by cryptocurrency market capitalisation based on CoinMarketCap. The data show that exchange inflows are rising again regardless of the price rebound. In the short term, technical stability signals and the increase in potential sellable supply are expected to remain in contention.

Shiba Inu is showing signs of recovery in its short-term price trend, but expanding net exchange inflows remain an overhang. With large deposits exceeding outflows, whether the move turns into actual selling pressure is seen as a factor that could determine near-term direction.