🐳 86 billion SHIB withdrawn from exchanges – is there a 'supply squeeze' happening?
In the past 24 hours, approximately 86 billion SHIB has been withdrawn from CEX platforms, bringing the netflow down to around -108 billion tokens.
This indicates:
– Holders are moving tokens to private wallets
– The amount of SHIB on exchanges is decreasing → short-term selling pressure is easing
At the same time, SHIB's price is moving sideways in a tight range after a significant drop, not creating a new lower bottom → a sign that selling pressure is weakening.
However, there are 2 key points to note:
– The number of active wallets has increased, but there is no clear inflow of fresh capital
– Decreased liquidity doesn’t necessarily guarantee a price increase
In summary:
The current setup looks like a 'supply squeeze' is being prepared, but there is no trigger from the demand side.
If new capital flows in → the price could react strongly.
If not → it remains just a sideways movement lacking liquidity.
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This is a personal opinion, purely market news information, and not investment advice. Vietnamese investors are advised to comply with Resolution 05/2025/NQ-CP and the laws of Vietnam.
Source: https://x.com/i/status/2047294217953972442
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