🚀 Negative Index 125 Billion $SHIB : Signal for a Strong Price Surge 📈
On-chain data has just recorded a massive fluctuation for Shiba Inu, opening up hopes for a strong recovery after a period of adjustment:
Record negative netflow: According to CryptoQuant, the netflow (the difference between deposits and withdrawals) of SHIB on exchanges has hit a negative 125.9 billion tokens. This means that the amount withdrawn from exchanges is completely overwhelming the amount deposited. 📉
Selling pressure significantly reduced: The fact that over 125 billion tokens have been withdrawn from exchanges to personal wallets (self-custody) is evidence that large investors are choosing to hold long-term rather than ready to sell off. The scarcity of supply on exchanges is often a precursor to a price increase. 🏦
Market reaction: Right after this index appeared, the price of SHIB recorded a slight recovery of nearly 2% from the short-term bottom. Positive sentiment is gradually returning as selling pressure shows signs of exhaustion. 💸
Expectations for a breakout: Analysts believe that if this net withdrawal trend continues in conjunction with the overall market recovery, SHIB could soon retest important resistance levels in preparation for a strong "bounce back". 🚀
Conclusion: Although the negative number sounds negative, in the on-chain context, this is an extremely optimistic (bullish) signal. The tightening supply on exchanges is creating a potential "time bomb" for prices in the near future. 🌐
