Shiba Inu (SHIB) is experiencing significant selling pressure, with about 457 billion tokens flowing out of exchanges compared to 347 billion tokens entering, resulting in a net outflow of roughly 110 billion SHIB. This large outflow suggests investors are moving assets to self-custody, typically a bullish sign, but SHIB's price remains weak, trading below key moving averages and in oversold territory. Futures markets also show caution, with 24-hour net futures outflows reaching -144%, indicating leveraged traders are reducing exposure. Overall, bearish pressure dominates SHIB's market, though extreme pessimism could lead to sharp countertrend rallies if momentum indicators stabilize.
Kalshi introduced Ethereum perpetual futures on June 4, offering US traders regulated crypto derivatives with no expiration dates and a temporary zero-fee promotion. This follows their Bitcoin perpetual futures launch, marking a significant step in p...
Dogecoin (DOGE) trades near $0.089 with a $15.14B market cap, gaining traction through the Such app beta for merchant payments and official classification as a digital commodity by regulators, enhancing its legitimacy. Meanwhile, Shiba Inu (SHIB) is ...
A sharp crypto market selloff led to $1.8 billion in liquidations within 24 hours, with $1.6 billion coming from long positions. This marks the largest single-day crypto liquidation since early February, despite global stock markets hitting new highs...
SBI Holdings projects Ripple's IPO to take 12 years, causing mixed reactions in the XRP market despite a 376% surge in secondary shares. Shiba Inu (SHIB) faces a potential price squeeze due to a record low supply on exchanges and empty order books, p...
Shiba Inu (SHIB) is facing increased selling pressure as exchange inflows surpass 407 billion SHIB, exceeding the critical 390 billion threshold. This rise in tokens moving to exchanges suggests holders are preparing to sell, increasing available sup...
