Shiba Inu ($SHIB) traders are watching closely as recent exchange data reveals a potential shift in market sentiment. Despite ongoing price volatility, the massive outflow of 65 billion SHIB in the last 24 hours suggests that the intense selling pressure may finally be easing, signaling a potential bottoming phase for the meme giant.
• 65B $SHIB moved off exchanges in 24h, indicating accumulation.
• Netflow data shows bearish momentum is losing steam.
• Volatility remains high, but supply pressure is decreasing.
With Bitcoin ($BTC ) holding steady at 83,040, the broader market is providing a stable backdrop for altcoins to find their footing. If this trend of reduced exchange inflows continues, it could pave the way for a technical rebound in $SHIB, as fewer tokens are available for immediate sale. This is a critical signal for swing traders looking to identify early entry points before a potential breakout.
Do you think the $SHIB sell-off is truly over, or is this just a temporary pause? Drop your thoughts below! 👇
#BinanceSquare #CryptoNews #Bitcoin
• 65B $SHIB moved off exchanges in 24h, indicating accumulation.
• Netflow data shows bearish momentum is losing steam.
• Volatility remains high, but supply pressure is decreasing.
With Bitcoin ($BTC ) holding steady at 83,040, the broader market is providing a stable backdrop for altcoins to find their footing. If this trend of reduced exchange inflows continues, it could pave the way for a technical rebound in $SHIB, as fewer tokens are available for immediate sale. This is a critical signal for swing traders looking to identify early entry points before a potential breakout.
Do you think the $SHIB sell-off is truly over, or is this just a temporary pause? Drop your thoughts below! 👇
#BinanceSquare #CryptoNews #Bitcoin