A recent surge in Shiba Inu （SHIB） inflows has caught the attention of the crypto community, with large holder inflows increasing by 625%, indicating bullish sentiment among whales.
Points
- Shiba Inu has seen a 625% increase in large holder inflows in the past week.
- Large holder netflows also surged by 2,393%, indicating accumulation by whales.
- SHIB is down 2.43% in the last 24 hours and 7.57% over the past week.
- Whales typically accumulate during periods of decline, suggesting potential price bottoms.
- A relief rally or dead cat bounce is possible following the recent price declines.
Shiba Inu （SHIB）, the second-largest meme coin, has experienced a staggering 625% surge in large holder inflows over the past week. This significant increase signals a wave of bullish sentiment among large players, commonly referred to as whales. According to data from IntoTheBlock, these large holder inflows track funds going into whale-owned addresses, often indicating substantial buying activity.
In addition to inflows, Shiba Inu’s large holder netflows have surged by 2,393% in the same period. This spike suggests that whales are accumulating SHIB, likely taking advantage of recent price declines to buy at a discount. Typically, whales utilize periods of market downturns to accumulate more assets, betting on a future price rebound.
Despite these positive on-chain metrics, SHIB’s price has struggled recently. As of the latest data, SHIB is down 2.43% in the last 24 hours, trading at approximately $0.00001552. Over the past week, the meme coin has declined by 7.57%. If the trend of whale accumulation continues, it could potentially signal a price bottom, paving the way for a relief rally or at least a dead cat bounce.
Technically, Shiba Inu is poised for a possible recovery following consecutive days of price declines. A sustained breakout above daily moving averages could be the first indication of a bullish comeback. However, the magnitude of any potential recovery remains uncertain.
解説
- Whale Activity: The significant increase in large holder inflows and netflows indicates that whales are actively accumulating Shiba Inu. This behavior is often seen as a bullish signal, suggesting confidence in the asset’s long-term prospects.
- Market Dynamics: The current market dynamics show a mix of declining prices and rising accumulation by large holders. This scenario often precedes a market reversal, as buying pressure from whales can drive prices higher.
- Technical Analysis: Technical indicators suggest that Shiba Inu might be nearing a price bottom. The possibility of a relief rally or dead cat bounce could provide short-term gains for traders.
- Investor Sentiment: The surge in trading volume and large holder activity reflects rising investor confidence in Shiba Inu. Despite recent price declines, the increased on-chain activity indicates a positive market sentiment.
- Future Outlook: If the accumulation trend continues, Shiba Inu could see a bullish turnaround. Investors should monitor on-chain metrics and technical indicators for signs of a sustained recovery.