Someone is moving coins to exchanges.
In the past twenty-four hours, the average per transfer flowing to exchanges is roughly 810,188,000 SHIB—up by less than one percentage point compared with the earlier period. After the single-transfer average broke through the 800 million mark, it has already pushed close to 835,000,000 coins.
The total is even more straightforward. Inflow is 287.59 billion coins, outflow is 174.88 billion coins, for a net inflow of 112.71 billion coins. The top ten largest inflows moved 56.7 billion coins, while the top ten largest outflows moved only 19.5 billion. In other words, the amounts in and out are not on the same scale.
But there’s another set of figures that says the opposite. The seven-day moving average of the inflow has fallen by 36%. This time feels more like a brief rebound than a sustained acceleration.
The price is currently about $0.0000000537. It’s standing above several short moving averages, but several attempts to break above $0.000000055 haven’t held. Even farther out, the range from $0.000000056 to $0.000000057 has been pressing down on it.
Getting coins to an exchange doesn’t necessarily mean they will be sold. But with more sellable items available, the price is more likely to move.
When large holders and retail traders line up at the same price level, it’s usually not a good sign.
The most unappealing part isn’t that someone wants to sell—it’s that everyone is waiting at the same door.
#SHIB #on-chain data
In the past twenty-four hours, the average per transfer flowing to exchanges is roughly 810,188,000 SHIB—up by less than one percentage point compared with the earlier period. After the single-transfer average broke through the 800 million mark, it has already pushed close to 835,000,000 coins.
The total is even more straightforward. Inflow is 287.59 billion coins, outflow is 174.88 billion coins, for a net inflow of 112.71 billion coins. The top ten largest inflows moved 56.7 billion coins, while the top ten largest outflows moved only 19.5 billion. In other words, the amounts in and out are not on the same scale.
But there’s another set of figures that says the opposite. The seven-day moving average of the inflow has fallen by 36%. This time feels more like a brief rebound than a sustained acceleration.
The price is currently about $0.0000000537. It’s standing above several short moving averages, but several attempts to break above $0.000000055 haven’t held. Even farther out, the range from $0.000000056 to $0.000000057 has been pressing down on it.
Getting coins to an exchange doesn’t necessarily mean they will be sold. But with more sellable items available, the price is more likely to move.
When large holders and retail traders line up at the same price level, it’s usually not a good sign.
The most unappealing part isn’t that someone wants to sell—it’s that everyone is waiting at the same door.
#SHIB #on-chain data
