-125,937,300,000 SHIB: Negative Shiba Inu Key Metric Signals Big Price Bounce Back
Analysis
Price Impact
HighA significant negative net exchange flow (-125.9 billion shib) indicates a massive outflow of tokens from exchanges, suggesting strong accumulation by investors and reduced selling pressure, which typically leads to price appreciation.
Trustworthiness
HighThe data cited is from cryptoquant, a reputable on-chain analytics platform, and the interpretation aligns with standard market mechanics where reduced exchange supply can drive prices up.
Price Direction
BullishThe negative net exchange flow means more shib tokens are being moved off exchanges into private wallets for holding rather than being deposited for selling. this reduces the available supply on exchanges, tightens liquidity, and signals strong buying demand, paving the way for a potential major price rebound.
Time Effect
LongThe shift in investor sentiment, with tokens moving to self-custody for 'longer periods,' suggests a sustained reduction in selling pressure and a potential for a prolonged rally rather than just a short-term pump.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Shiba Inu regains bullish momentum Shiba Inu heads for major rebound Advertisement Popular dog-themed meme asset Shiba Inu is once again attempting a major price breakout following the broader crypto market resurgence. Thus, latest exchange movements signal confidence among investors. The Shiba Inu exchange flow metric has turned red over the last day, showing a massive decline of over 11% during the period, as exchange movements begin to move in favor of the asset's upsurge. According to data from crypto analytics platform CryptoQuant, Shiba Inu’s netflow across all supported cryptocurrency exchanges is sitting at -125,937,300,000 as of Dec. 11. HOT Stories SBI Starts XRP Lending, Shiba Inu Whale Awakens With 53 Billion SHIB Transfer, New Ethereum Hack Revealed — Crypto News Digest Crypto Market Prediction: Will Shiba Inu (SHIB) Crash Ever End? Ethereum (ETH) Already Sniffing $3,000; Bitcoin (BTC) Price Expodes in Unexpected Volume Spike 'True Currency': Did Elon Musk Just Describe Bitcoin? Morning Crypto Report: Ripple CEO Forces XRP Reality Check for Coinbase, Shiba Inu (SHIB) Soars 5%: Fakeout Next? $444 Million in Bitcoin Land on Binance Shiba Inu regains bullish momentum While this represents the difference between the Shiba Inu exchange inflows and outflows, it means that the amount of SHIB tokens scooped out of exchanges in major buying activities is greater than tokens returned to the exchanges for selling purposes by over 125 billion tokens. Advertisement As such, it appears that the sudden shift in market sentiment witnessed during the last trading session has restored momentum to the Shiba Inu ecosystem. Hence, many small and large SHIB holders are showing no interest to sell off their holdings amid growing demand as investors have majorly looked to purchase more tokens. Instead of the prolonged panic selling trend triggered by weakened investor sentiment, holders are now moving their tokens into self-custody wallets to hold for longer periods. Advertisement Shiba Inu heads for major rebound The decline in the Shiba Inu exchange flow has coincided with a notable increase in the price of the asset following the broad crypto market resurgence. As such, the metric has stirred hope that the asset may be preparing for a bigger rally as selling pressure continues to subside amid growing appetite for the leading meme asset. As of the time of writing, Shiba Inu is trading at $0.000007485 with an increase of 1.98% over the last 24 hours. This marks a rapid surge from its latest low of $0.000007011. While the decline in exchange flows represents a bullish indicator, it aims to tighten the supply available on crypto exchanges supporting the asset, including Coinbase , while propelling the token toward a major price rebound. #Shiba Inu #Shiba Inu (SHIB) Price Prediction #Coinbase