[Digital Today reporter Jinju Hong (홍진주)] Shiba Inu (SHIB) is trying to rebound after a recent sharp drop, but the rising movement of large holders into exchanges has raised the likelihood that the recovery could be capped.

On June 15, blockchain media outlet U.Today reported that recent on-chain data showed more than 4 billion SHIB flowed into exchanges over 24 hours.

This trend weighs more toward a build-up of potential sell supply than a simple rebound. Large holders moving tokens to exchanges may not lead immediately to selling, but it can be read as a signal of securing liquidity in advance as the market tries to stabilize. The outlet noted such fund flows could be aimed at preparing "possible exits."

Shiba Inu earlier fell to its lowest level in months on strong selling pressure. As a rising wedge structure that had supported the price for most of the spring broke down, liquidations came in a chain reaction, and buying only emerged around $0.0000045. Shiba Inu later recovered part of its losses, but the quality of the rebound has yet to be sufficiently confirmed.

Technical indicators are also mixed. The relative strength index quickly recovered from oversold territory, and the price is moving back up toward the 50-day moving average. This move is interpreted as a pattern that draws speculative funds seeking a short-term rebound. Still, if large-holder inflows to exchanges continue, the increased supply in the rebound zone could absorb buying demand and prevent the formation of a stronger uptrend.

Shiba Inu is currently below the 50-day, 100-day and 200-day moving averages. That means the broader market structure still favors bears despite the recent rebound. In particular, if it fails to regain resistance near the 50-day and 100-day lines, it will be difficult to escape the current downward structure. If large-holder inflows remain high, breaking through that resistance could become more difficult.

Trading volume trends also show the rebound's limits. Compared with the intensity of selling volume during the recent decline, buying volume during the rebound has yet to reach that level. This means demand is still present, but supply-side pressure is having a stronger effect. The outlet also said the recent rebound shows demand exists, but large holders are signaling they are not yet ready to support a sustained breakout.

Ultimately, the market is watching whether exchange inflows slow. For Shiba Inu to sustain a short-term rebound, buying must regain resistance near the 50-day and 100-day lines, while large flows headed to exchanges also need to fall. If exchange inflows remain elevated in this situation, Shiba Inu's recovery could again be shaken by fresh selling pressure.