Over 102 billion SHIB left exchanges in a single day, which is one of the most significant on-chain signals we have seen during this entire sell-off. That is not a normal flow. This kind of massive negative netflow during a freefall usually indicates that large holders are removing coins from the market, which lessens the immediate pressure to sell. Brutal SHIB performance Considering SHIB’s current chart, that is important. For weeks, the price action has been brutal, with all of the major moving averages stacked above the price and pointing…
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