Shiba Inu exchange netflow shows 114 billion SHIB withdrawn, bullish signals emerge

Shiba Inu appears to be showing early signs of a potential rebound after experiencing several days of significant price declines. The wider cryptocurrency market has recently faced increased selling pressure, causing multiple assets to post losses. Despite these broader market headwinds, some indicators point to renewed investor demand in Shiba Inu, one of the most popular meme-based digital tokens. Recent on-chain data from CryptoQuant, a leading digital asset analytics provider, shows buyers gradually returning to the Shiba Inu market. Over the past day, Shiba Inu’s exchange netflow stood at minus 114,647,400,000 SHIB, reflecting a decrease of approximately 1.37%. Negative netflow occurs when more tokens are withdrawn from exchanges than deposited, which typically suggests that investors are relocating their assets to secure wallets, often as a sign of holding rather than…

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