120,000,000,000 Shiba Inu (SHIB) Selling Wave About to Hit Everything

The post 120,000,000,000 Shiba Inu (SHIB) Selling Wave About to Hit Everything appeared on BitcoinEthereumNews.com.

SHIB flows are changing What comes next, then? The majority of retail traders continue to overlook Shiba Inu’s exchange netflow control. The larger market context reveals something far more unsettling than a typical consolidation, even though the price is hovering around $0.0000087. SHIB has entered a phase where selling pressure is not just increasing — it is preparing to flood the market, CryptoQuant shows.  SHIB flows are changing SHIB has seen enormous inflows back into centralized exchanges over the past few days in November. In the last 24 hours, over 60 billion SHIB were transferred onto trading platforms. A classic prelude to aggressive sell-offs last week saw about 120 billion SHIB move onto exchanges, if we extend the time frame. When tokens move from wallets to exchanges, it is not a sign of optimism.  Usually, it indicates that holders are setting themselves up to sell. This is taking place while Shiba Inu is still on a downward trend and has not broken any significant resistance levels. SHIB is still clearly below the 50-, 100- and 200-day moving averages on the chart.  SHIB/USDT Chart by TradingView The mid-November selling spike only served to confirm how strongly bearish the meme coin structure remains. Another bad sign is the thinning out of volume. Declining volume and sharp downtrends frequently indicate that there is not enough buying interest to withstand incoming sell pressure.  Because there is not enough liquidity to sustain the current level, a single powerful wave of selling could push the price into deeper lows. The market is not yet oversold, as indicated by the RSI remaining in the 37-41 range. Technical traders would not even consider a bounce until there was more downside.  What comes next, then? We are probably going to see a test of the $0.0000075-$0.0000078 zone if even a small portion…