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Shiba Inu (SHIB) Exchange Netflow Hits 77 Billion SHIB in 24 Hours, Signaling Potential Selling Pressure Amid Price Rebound
Data from crypto analytics platform CryptoQuant shows that Shiba Inu's exchange netflow reached over 77 billion SHIB in the last 24 hours, indicating a positive balance where more tokens are moving onto exchanges than off. This typically suggests sustained selling pressure and a bearish outlook for the asset. However, SHIB's price has simultaneously flipped to the green territory, reclaiming a local high around $0.0000051, which could signal a potential shift in market momentum.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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