Shiba Inu
Why Shiba Inu is down 1.2% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.2% over the past hour as bearish on-chain flow signals pointed to rising potential sell pressure. Bitcoinist reported that SHIB netflows turned bearish with roughly 145B SHIB moving toward exchanges, a pattern often associated with increased near-term distribution.
Contributing Factors (2)
Shiba Inu Netflows Turn Bearish As 145B SHIB Moves Toward Exchanges
Shiba Inu netflow indicators have turned more bearish after around 145 billion SHIB moved toward exchanges, giving traders another sign that short-term pos...
Shiba Inu's (SHIB) 87 Trillion Threshold on Verge of Breaking Down
Shiba Inu's large selling reserves is slowly thinning.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.