Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.1% over the past hour as sentiment turned more bearish amid reports of heavy exchange flows. U.Today noted that roughly 488 billion SHIB moved in 24 hours and that exchange-flow metrics have “turned even more bearish,” which can weigh on price as traders interpret it as increased sell-side pressure.
Contributing Factors (2)
488 Billion Shiba Inu (SHIB) in 24 Hours: Exchange Flows Turn Even More Bearish
Shiba Inu faces renewed selling pressure as traders rapidly unwind leveraged positions and risk appetite continues to fade.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.