Shiba Inu Faces Intensifying Selling Pressure as Investors Turn Bearish
Shiba Inu (SHIB) is facing significant selling pressure as investors turn bearish. Data from exchange flows indicates that a large number of SHIB tokens are moving towards trading platforms, rather than away from them.
The mean exchange outflow for SHIB is 364.95 million, while the mean exchange inflow is approximately 1.4396 billion per transaction. This means that on an average transaction basis, inflows are nearly four times greater than outflows.
The total value of the ten biggest inflow transactions is around 5.98 billion SHIB, while the largest outflows total only 2.33 billion SHIB. The volume of exchange inflows is approximately 401.26 billion SHIB, while the volume of outflows is 317.72 billion SHIB.
When coins enter exchanges, they are not always immediately sold. Investors may transfer them for collateral, trading, or other purposes.