Shiba Inu (SHIB) has seen a significant shift as 164 billion tokens left exchanges in the past 24 hours, indicating negative netflows and reduced sell-side pressure. This change suggests investors are withdrawing SHIB from centralized platforms, which could support price stability. Despite this, SHIB faces technical challenges, trading near the lower edge of a descending trend since March and below key moving averages. The key support around $0.0000055 is being tested, and momentum indicators show oversold conditions, hinting at potential short-term relief rallies if selling pressure continues to ease. Investors should watch if this trend of declining exchange reserves and steady or rising active addresses continues for a stronger accumulation phase and possible recovery.
Shiba Inu's deflationary momentum surged as over 19 million SHIB tokens were burned in the past week, marking a 159.19% increase in the weekly burn rate. This contributed to a 28.73% rise in the monthly burn rate, with a total of 146 million SHIB bur...
Shiba Inu (SHIB) shows a 283% increase in spot market activity, signaling rising real buying and selling despite ongoing bearish pressure. Exchange outflows still exceed inflows, but declining reserves and increased spot activity suggest bears may be...
Bitcoin is showing signs of increased volatility due to a mix of rising leveraged long positions and heavy retail selling on spot markets. Despite a sharp drop below $75,000 and large outflows from U.S. spot ETFs, Bitcoin's price remains stable, supp...
Shiba Inu futures trading saw a sharp 190% decline in flow over the past 24 hours, with outflows of $5.6 million exceeding inflows of $4.74 million. This led to a net removal of about 156.56 billion SHIB tokens from the futures market and a 6% drop i...
Shiba Inu (SHIB) is at risk of falling out of the top 30 cryptocurrencies by market capitalization due to NEAR Protocol's 138% rally in May. SHIB currently holds the 29th position with a $3.24 billion market cap, narrowly ahead of NEAR's $3.19 billio...
