Shiba Inu Price Outlook Brightens After 8 Trillion SHIB Leave Exchanges

Shiba Inu sees bullish momentum as 8 trillion SHIB exit exchanges into self-custody.

Derivatives data signals demand with rising open interest and positive funding rates.

Challenges remain with whale sell-offs, stalled Shibarium growth, and weak token burn rates.

Shiba Inu has shown renewed strength this week, hitting its highest point since late August. The rebound follows heavy accumulation from investors pulling tokens away from exchanges. Over 8 trillion SHIB, worth more than $145 million, shifted into self-custody wallets. This massive outflow reflects growing confidence that the price may push higher. Traders watching Shiba Inu now see brighter prospects as exchange balances shrink and technical signals turn bullish.

Exchange Outflows Spark Optimism

Investors have steadily withdrawn SHIB from exchanges in the last month. Nansen data reveals supply dropped to 283.47 trillion, down from 291 trillion. Such outflows often signal conviction, as traders rarely transfer tokens off exchanges when planning to sell. Instead, these moves suggest stronger belief in future gains.

Derivatives activity also supports this positive view. Open interest climbed to $212 million, rising consistently since September 6. A growing number of active contracts signals greater liquidity and enthusiasm among futures traders. The weighted funding rate has also stayed green, pointing to bullish conviction. Positive rates occur when buyers pay to hold long positions, showing expectation of rising prices.

The technical backdrop further strengthens this narrative. Shiba Inu recently broke above the 50-day EMA. On the chart, an inverse head-and-shoulders pattern has formed, a classic bullish reversal. Momentum indicators like RSI and MACD are leaning upward, reflecting renewed energy in the market. Analysts suggest the next target could be $0.000016, with room to stretch toward $0.000020.

Challenges Still Loom

Despite the brighter picture, bulls face obstacles that could slow momentum. Whale investors have reduced their holdings significantly since August. Nansen reports a decline from 137 billion tokens to just 96.1 billion. This reduction weakens a key support base that often stabilizes rallies. Another drag comes from Shibarium, the scaling solution meant to strengthen the ecosystem.

Development has stalled, leaving total value locked at under $1.5 million. Compared to an industry with more than $300 billion locked, the number feels like a drop in an ocean. Without growth in adoption or activity, Shibarium risks fading into irrelevance. The SHIB burn rate also lags expectations. Only 69,770 tokens were burned on Thursday, a fraction of the supply.

For a coin with more than 584 trillion in circulation, this pace does little to create scarcity. Without a significant increase in burn activity, supply pressure may cap long-term upside. Shiba Inu price has gained momentum as tokens leave exchanges, reflecting stronger investor conviction. Derivatives data and technical charts highlight growing optimism for a sustained rebound.