"184 Billion SHIB Sell Bomb"...Shiba Inu, Sell-off Warning

▲ Shiba Inu (SHIB)

Over the weekend, a large volume of Shiba Inu (Shiba Inu, SHIB) flowed into exchanges, signaling an increase in short-term selling pressure.

Cryptocurrency media outlet U.Today reported on April 25 that approximately 184 billion SHIB moved to exchanges, leading to a sharp increase in market activity within the market.

This volume movement suggests a potential shift in market structure beyond a simple increase in trading. According to CryptoQuant data, both exchange inflows and the 7-day average inflow have risen simultaneously, indicating growing selling pressure or at least preparations for selling.

When a large number of tokens move to exchanges, it is generally considered a preparatory step for cashing out, hedging, or active trading. In fact, exchange reserves have also slightly increased, indicating a rise in the volume of assets readily available for immediate supply to the market.

Netflow remains in positive territory. This means that inflows exceed outflows, creating a structure where price appreciation may slow down in resistance zones in the short term. However, analysis also suggests that this trend does not immediately imply a bearish reversal.

In terms of technical trends, a gradual ascending channel has formed after a prolonged decline, showing some signs of recovery. However, the 100-day and 200-day moving averages still maintain a downward slope, indicating that additional trading volume is required for a strong upward reversal.

Ultimately, Shiba Inu is analyzed to have entered a phase where increased exchange inflows lead to higher short-term supply pressure, while a limited upward structure coexists.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*