Shiba Inu (SHIB) Just Crashed 83% in Crucial Metric, But There's a Bullish Catch
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Shiba Inu (SHIB) experienced an 83% decrease in large holder wallet activity, but the netflow metric suggests continued accumulation by major holders. Despite losing 67% of its value since December 1st, dropping from $0.00003343 to $0.00001082, the cryptocurrency shows signs of potential consolidation.
April 02, 2025 | 4:00 pm
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Large SHIB holders are accumulating despite reduced wallet activity, potentially indicating a stabilization phase for the cryptocurrency.
The netflow metric suggests continued inflows from large holders, which could signal a potential bottom and accumulation phase for SHIB. However, the significant price drop indicates ongoing market uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100