Shiba Inu Price Crash: Whales Drive SHIB Dump, Will Selling Continue?

SHIBANU is retreating from the collapse of sharp prices, as data on the series indicate the huge sale by its large owners (whales) as the perpetrator. During the past week, the market value of Shaib decreased dramatically Besides the rest of the industryWiped the last gains and testing the main support levels. The Shiba Ino whales came out not only a decline in the distinctive symbol, but also displaced retailers and opened the risk of more negative moves.

Shayba Eno’s whales leads Shayb emptying

Blockchain analyzes Data from InTothheblock He showed that the whale governor has been unloaded at a rate that warns of danger in recent days. The Great NEETFOWOL, an indicator that tracks pure change in whale possesses, has decreased by 736.46 % in the past seven days, and has decreased by 125.06 % over the past thirty days. In simple phrases, this means that the whales were sent much more than it brought, which is a clear sign of heavy sale.

For context, the image below shows Big holder Netflow From IntothBlock. The blue -blue dive -diving tracker appears in the negative Netflow in early March, indicating that the whales emptied large quantities of SHIB with a decrease in the price (black). These negative references indicate that the main holders are actively underestimating their positions, throwing billions of SHIB on the market and increasing the pressure pressure.

Moreover, the headlines carrying SHIB codes ranged between one million dollars and 10 million dollars He saw their balance A decrease of 31.31 % during the past 24 hours, while those who carry symbols worth more than $ 10 million have witnessed their balance by 27.99 %.

What does this mean for Jiba Eno Price?

The market reaction was quickly with the latest wave of whale dumping. Social feelings around Shayba Eno turned into a decline, with fear sneaks into. The Shayba Inno Index decreased to fear and greed to the “fear” area (about 33/100), as the anxiety of investors increases from the long, quiet direction.

Historically, the Shiba Inu price tends to stumbling when the whales collectively. In early February, Netflows is the great pregnant woman Picker SHIB Flow 3.5 trillion to -792.8 billion SHIB flow within one day, causing the price to drop at 0.00001286 dollars.

It is interesting that Shaiba Eno now has even Less than this level decreased After approximately 11 %, as adult holders press the sale button. At the time of writing this report, SHIBA Inu opened the new week about $ 0.0000125 per code, down from mid -$ 0.000014 at early last week. This decrease puts the trading of SHIBANU about its lowest level in more than a year, and The declining direction can deepen If the whales continue to be released unabated.

Technical indicators draw a cautious picture of weak momentum. The daily relative strength index (RSI) is now hovering in the mid -thirties. This indicates that the mechanical currency is approaching an extremist from the places of sale, but there is no yet, and the bears are still in control.

Distinctive image from Adobe Stock, Chart from TradingView.com

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