#SHIBA✅🚀
Shiba Inu Coin Plummets: Whales Run Away, Market Reshuffles!
Come click on my avatar to watch the live broadcast and seize the bull market opportunity together!
Yesterday, the crypto market truly experienced a "major earthquake," with Southeast Asia suffering a scale of up to $1.5 billion. Among them, Shiba Inu Coin dropped severely, with the futures market trading volume surging to $20 million, all due to long contracts being liquidated.
Why did Shiba Inu Coin plummet?
SHIB's price dropped directly by 25% in the last 24 hours, returning to the low point from the end of November. Looking at the on-chain data, those holding more than 0.1% of the circulating SHIB (the whales) have sold off nearly 1 trillion SHIB, amounting to about $30 million, making the capital outflow quite evident.
There were early warnings and market reactions
In fact, the whales have been reducing their holdings for more than just a day or two. On-chain data shows that since December 7, the amount of SHIB flowing into these large addresses has decreased. Although it didn't directly cause the price to drop at that time, it became a precursor to the adjustment in the context of an overall market decline.
What’s next for the market?
With such great market volatility now, everyone should be cautious. The U.S. CPI data is set to be released this week, which may further add uncertainty to the market. If the whales' actions are scrutinized again, the market may shake even more.
Therefore, in the short term, we need to pay close attention to key data and the movements of large funds to mitigate risks.
The test of a bull market is not only about the rise and fall of prices but also about testing our mindset. In the face of account fluctuations, we must remain rational. Next, I will reveal the potential tenfold coin in the group! Guessing is not as good as grasping! Like + comment for free sharing.
