Altcoins News
By Jean-Luc Maracon
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What the Supply Shift Actually Means. Liquidity is the piece of this that doesn't get enough attention.
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What Traders Are Watching Now. Market participants want more data before calling this a trend. One large withdrawal is interesting.
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Shiba Inu holders just yanked 148.7 billion tokens off exchanges. That's a big number, and the market is paying attention.
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The scale of it matters. When tokens leave exchange wallets at that kind of volume, the basic read is that holders don't want to sell anytime soon.
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Still, the timing is notable. Shiba Inu has spent a stretch of recent months grinding through volatile, unpredictable price swings.
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Liquidity is the piece of this that doesn't get enough attention. When tokens leave exchanges, the pool of SHIB available for immediate trading shrinks. That can cut both ways.
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The selling volume decline matters separately. Selling pressure has been easing, and that alone changes the feel of the market around SHIB.
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More context: Robinhood Chain Scam Tokens Drain Buyer Wallets as DEX Volume Hits $400M
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Broader crypto markets have seen similar dynamics play out with other tokens during periods of accumulation.
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Market participants want more data before calling this a trend. One large withdrawal is interesting. Two or three in a row starts to look like a pattern.
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The decrease in selling pressure is a positive sign on its face. But SHIB's trajectory has fooled people before.
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Investor sentiment around Shiba Inu has been fragile. Months of choppy price action have a way of wearing people down, and a lot of the holders who stayed in through that period…
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See also: BlackRock Pulls Bitcoin ETF Inflows Back From the Brink After Months of Capitulation
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For now, selling volumes are down. Tokens are leaving exchanges at scale. Those are the two concrete facts on the table.
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The 148.7 billion token figure is what it is: the largest exchange outflow Shiba Inu has seen in recent months.
The Currency Analytics
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