CandleFocus 2.4 Trillion Shiba Inu (SHIB) in 24 Hours: Are Whales Bullish?
2024-12-13
Author: Content Editor
The cryptocurrency market is experiencing volatility and uncertainty, making it difficult for investors to make decisions. However, on-chain data for the meme-inspired cryptocurrency Shiba Inu (SHIB) suggests bullish activity from major players. The Large Holders Netflow indicator shows that the whales are buying more SHIB tokens than selling, despite a decrease in both inflows and outflows. This data, combined with the narrow trading range of SHIB, indicates an accumulation phase and suggests that major investors are actively accumulating the token. This accumulation is expected to result in a significant upward movement in the SHIB price.
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