Shiba Inu Traders Flee Assets Amid Bearish Signal

Shiba Inu (SHIB) traders are selling their assets amid speculation of a bearish month ahead. According to data from CryptoQuant, the Shiba Inu exchange netflow has turned bearish, with a significant amount of tokens being moved to exchanges for selling purposes.

The data suggests that momentum is fading, and traders are no longer willing to hold or accumulate more tokens. This implies that demand has slowed down, and selling pressure might be mounting.

As a result, the price of SHIB has dipped 4% in recent days, putting it at risk of retesting below the major $0.000005 level. The Shiba Inu exchange netflow currently sits at around 145,906,600,000 SHIB as of Saturday, August 29.