$SHIB Supply Shock: Unnoticed Whale Manipulation
The $SHIB chart appears lifeless, deeply below the 200-day resistance level, confirming a months-long downtrend. But let's analyze further. Over 19 billion SHIB has just disappeared from exchanges. Such a massive net outflow indicates the market is actively absorbing funds and holding them for the long term, thus relieving short-term selling pressure. Exchange reserves are declining. This is a classic supply squeeze pattern. The number of active addresses has increased, but market confidence is weak. We now need significant volume, otherwise the rally will fail at the next moving average. Closely monitor reserves; if reserves decline further while volume surges, it indicates a market shift is imminent.
Disclaimer: This article is not investment advice.
#SHIB #SupplySqueeze #Cryptocurrency #OnChainData #Meme
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{spot}(SHIBUSDT)

