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Shiba inu faced harsh reality, proven by the latest data on transactions from Inotheblock: The main players left. Fully. The complete retreat of whale activity from the market is marked by a 100% decrease in the number of transactions in the range of $ 1 million-10 million.
This type of outflow is disastrous for asset as Shibwhich directly depends on the momentum and high volume speculation. SHIB has experienced numerous overvoltages in significant transactions during its euphoric periods in the last five years, especially at the beginning of 2021 and 2022. However, all this heat has cooled.
No whale-size transaction in the range of $ 1 million-10 million has not been documented from the last update. Meanwhile, all other levels of transactions show stagnation. Despite a slight recovery ( +31.28% and +30.77%, in this order) in segments of $ 100-1 000 and $ 100,000-1,000,000 are still far below the level needed to recur dynamics.
While the retail interest is still sporadic and unconvincing, smart money seems to have wrapped and moved on. The picture is clearer when you combine it with the current price chart for Shib. With the inability to overcome important zones of resistance, Shib It moves slowly below 50 EMA.
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The price event shows a clear fear and lack of beliefs, and the last price chart shows that the volume of trading has dried up. Although there are technical reasons for possible short -term reflection, any long -term recovery is doubtful due to structural weakness below the surface, namely a decrease in whale activity.
This market settings are asking for consolidation rather than an explosion if there is no significant shift in the macro sentiment or foundations. In addition, the chances of Shib’s revival of their previous glory powered by hype are extremely slim if large transactions remain at zero.
