$SHIB #SHIB Burns Plunge on All Time Frames, What's Happening?
Shibburn token tracker, which monitors SHIB burn transactions, has shared that this major metric of the second largest meme cryptocurrency Shiba Inu has been showing negative readings both on the daily time frame and over the last week in total.
Meanwhile, the SHIB price is showing quite opposite figures, staging a substantial increase in the last 24 hours and over the past two days too. Since Thursday, SHIB has printed impressive 13.3% growth.
According to a tweet recently published by Shibburn, in the past 24 hours, the burn rate is 42.39% down with a total of 2,600,481 SHIB meme coins burned, i.e., transferred to unspendable blockchain wallets.
According to on-chain data, 49% of Shiba Inu holders are profitable at the current price level of approximately $0.00001499. This suggests that SHIB is standing in front of a possible profit surge. It is a significant improvement, and if prices continue to rise, SHIB's profitability might show a noticeable uptick in the coming days.
The data also shows that 73% of #SHIB's large holders are whales, meaning that whales still own a sizable portion of the asset. This shows that significant purchases or sales by these important players may have an impact on any abrupt price changes. Furthermore SHIB's movement is expected to be impacted by the behavior of the larger cryptocurrency market - particularly any notable changes in the price of Bitcoin, given its strong price correlation (0.89) with the asset.
Though mixed, the signals point to a bullish future. Exchange signals are displaying strong bullish indicators, but on-chain signals are slightly pessimistic due to factors like net network growth and large transactions being down by 2.61%. The smart price metric is slightly positive at 0.24%, and the bid-ask volume imbalance is up 128.19% - both of which indicate that there is growing demand on exchanges, which may contribute to SHIB's price increase in the short term. #ShibaFundamentalAnlysis #writetoearn
$SHIB $SHIB $SHIB #SHIB Burns Skyrocket 772% as Price Is on Verge of Breakout# #SHIB burn rate soars high The# above-mentioned data source reported that over the last 24 hours, the Shiba Inu burn rate has seen a major increase of more than 772%, while the Shiba Inu community has managed to dispose of 15,089,691 SHIB in three burn transactions. #SibaInu #Sibanews #sibaburning
SEC Approves option Trading for BlackRock's Bitcoin ETF.
$BTC $BTC The SCE states IBIT options will be physically settled and follow American-style rules, with Nasdaq ensuring strong trading standards. The United States Securities and Exchange Commission (SEC) has approved Nasdaq to list options for BlackRock’s iShares Bitcoin Trust #ETF trading under the ticker IBIT. This decision, announced on September 20, enables options trading for the ETF like other ETFs. According to the SEC’s notice, options on IBIT will be physically settled and will follow