More than 50 billion SHIB tokens have been withdrawn from exchanges, suggesting a significant shift in holder behavior. This large outflow indicates potential accumulation or long-term storage, reducing the number of tokens available for trading. The move aligns with a broader trend of value investing in the crypto market.
Technical analysis of the cryptocurrency market shows a compressed phase with flattened downtrends, pointing to reduced volatility. This environment suggests a potential breakout could occur following the current consolidation period.
Over 50 Billion SHIB Tokens Withdrawn from Exchanges, Indicating Holder Shift
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