Shiba Inu Netflow Exits Bullish Zone With 69 Billion SHIB but Price Says Otherwise

U.Today··Read original
2▲0 ▼1Impact / 5
Summary · why it matters

Shiba Inu's exchange netflow has flipped negative, with 69 billion SHIB exiting the bullish zone, signaling a pause in demand and renewed selling pressure from traders. The shift in netflow indicates that more SHIB is being moved to exchanges, typically a bearish signal, yet the token's price has not reflected this downturn. This divergence between on-chain activity and market price suggests underlying complexities in current trading dynamics. The 69 billion SHIB figure represents a significant volume, underscoring the scale of the recent sell-off.

Impact on assets 1

Others▼ · 1 stocks
Shiba Inu
SHIB-USD
▼ NegativeDemandrelevance

69 billion SHIB moved to exchanges, signaling a pause in demand and renewed selling pressure.