Shiba Inu Bulls Return with $0.000005103 Price Spike Amid 202-Billion SHIB Netflow

Shiba Inu bulls have returned to the market, sending SHIB prices soaring after a recent dip. According to CryptoQuant data, exchange activity over the last 24-hour period shows that buyers are dominating the market.

The Shiba Inu netflow has flipped positive, indicating that the negative trend caused by the Senate's failure to pass the Clarity Act bill was short-lived. Over the last day, bull traders have overtaken exchange activity, with a substantial decline in netflow of about 5%, now sitting at -202,237,600,000 SHIB as of September 17.

This suggests that buyers are moving more tokens out of exchanges than sellers, providing a bullish outlook for the leading meme token. The negative Shiba Inu netflow balance typically indicates that buyers are dominating the market, and this trend has influenced SHIB's price action, with the asset trading at around $0.000005103 after an increase of over 7% over the last day.

The bullish reversal in the Shiba Inu price and exchange trend supports the view of market experts who have stated that the Clarity Act failure is not a limitation for the broad crypto market, and major crypto assets could thrive whether or not the bill is passed.