Shiba Inu whales and retailers are aggressively accumulating
The post Shiba Inu whales and retailers are aggressively accumulating appeared on BitcoinEthereumNews.com.
SHIB was experiencing massive demand from whales and retailers. Shiba Inu could rally to $0.000017 if the accumulation trend continues. After a period of net seller dominance, Shiba Inu [SHIB] buyers are back in the market. Since then, both whales and retailers are currently in accumulation mode. For starters, whales have returned to the market after briefly disappearing. Just four days ago, whale capital inflow had dropped to 163 billion SHIB tokens, raising concerns that they were exiting. However, accumulation has resumed, signaling renewed interest in the memecoin. SHIB whales resume accumulation Source: IntoTheBlock In the past 24 hours, Shiba Inu whales have accumulated 1.04 trillion SHIB tokens, signaling a shift in market sentiment among large holders. This surge in capital inflow suggests that whales now see the market as favorable for taking positions. Looking at netflow data, most whales are currently buying the memecoin. Large holders recorded an outflow of 768 billion SHIB over the past day, resulting in a positive capital inflow of 266 billion SHIB. Source: IntoTheBlock A positive capital inflow indicates that demand is currently outpacing outflow, with whales primarily accumulating SHIB. Their growing interest reflects increasing confidence in the memecoin, signaling bullish sentiment. Beyond whale activity, accumulation is widespread across market participants. In the spot market, buyers are in control, purchasing 338.28 billion SHIB while sellers have offloaded 326 billion. This positive order imbalance suggests that buying pressure is outweighing selling activity. Source: Coinalyze This market behavior is further confirmed by a positive Exchange Netflow. As per CryptoQuant data, Shiba Inu Exchange Netflow has recorded a negative value for two consecutive days. Over this period, the total netflow has reached 123 billion, signaling a massive exchange outflow. Inasmuch, more than 372 billion SHIB tokens have left exchanges, reflecting strong accumulation. Source: CryptoQuant This accumulation…
