Shiba Inu Exchange Netflow Drops as Traders Accumulate Over 131B SHIB

Shiba Inu is showing renewed accumulation despite a weak price trend across the market. Recent data shows a sharp shift in exchange flows as large amounts of SHIB move off trading platforms. The movement suggests growing demand for the meme token during the current dip. At the same time, derivatives activity has started to increase, signaling rising trading engagement. Exchange Withdrawals Signal Growing SHIB Accumulation Crypto analytics platform CryptoQuant reported a notable shift in Shiba Inu exchange flows on Saturday, March 7. The platform showed a 3% decline in Shiba Inu exchange netflow over the last 24 hours. Following this drop, the netflow across supported cryptocurrency exchanges now sits at -131,956,300,000 SHIB. Although the figure appears negative, it reflects a potentially bullish signal for the token. At the time of writing Shiba Inu trades at around $0.00000528, down 1.64% in the last 24 hours. A negative netflow means traders removed more SHIB from exchanges than they deposited. This pattern often indicates accumulation activity. In the last 24 hours, the amount of SHIB withdrawn from exchanges significantly exceeded tokens sent back for selling. The difference reached more than 131 billion SHIB. This gap suggests traders continue purchasing the leading meme token even as the price remains under pressure. Many buyers appear to collect tokens at lower prices during the ongoing dip. The development follows several days in which Shiba Inu displayed consistent bearish signals. During that period, exchange flow data recorded large increases day after day. Despite the price remaining in red territory, the sharp withdrawals from exchanges point to rising confidence among buyers. Shiba Inu Open Interest Records 2.24% Increase Shiba Inu also increased activity in its derivatives market during the same period. Data shows that Shiba Inu open interest flipped positive over the last 24 hours. Open interest rose by 2.24%, reflecting new trading positions across futures contracts. Currently, more than 10.09 trillion SHIB are locked in active derivatives agreements. The increase suggests that futures traders are opening new positions as demand grows. The surge in derivatives activity followed the strong exchange withdrawals recorded during the same timeframe. Among major platforms, MEXC recorded the strongest increase in activity. The exchange reported a 28.03% surge in trader interest linked to SHIB futures contracts. Together, the rising open interest and negative exchange netflow highlight growing engagement with Shiba Inu despite its recent price weakness.