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⛓️ Crypto Neutral

Shiba Inu (SHIB) on the Verge of Losing 80 Trillion Exchange Threshold, Will Selling End?

U.Today|Arman Shirinyan||1 views
🤖AI Summary

Shiba Inu (SHIB) exchange reserves have dropped below the 80 trillion token threshold, indicating reduced selling pressure. However, the market may not be prepared for a meaningful recovery despite this decline in exchange holdings.

Key Takeaways
  • SHIB exchange reserves have fallen below the critical 80 trillion token threshold.
  • Lower exchange reserves typically indicate reduced selling pressure from holders.
  • The market may not be ready for a proper recovery despite improving on-chain metrics.
  • The decline in exchange holdings suggests potential accumulation by long-term holders.
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