This week, on-chain data indicated a significant 95% decrease in large holder activity for Shiba Inu, presenting a concerning outlook for investors. This could lead to major implications for price stability in the near future.
Significant Decline in Large Holder Activity
Over the past 30 days, the inflows of large holders have dropped by 95%, while outflows have decreased by 97%. This indicates a halt in purchases and sales by major players, resulting in a considerable drop in market liquidity.
Current Price and Technical Analysis of SHIB
SHIB is recovering from its lows, fluctuating in the range of $0.000013 to $0.0000145. Current chart analysis shows that the token is testing the 200-day moving average, which may indicate potential bullish momentum; however, maintaining these levels is questionable.
Future Risks and Potential Market Traps
Investors should exercise caution: the lack of major players in the market could lead to price instability, and a rise above the 200 EMA could turn into a bull trap without support from large holders.
In the current situation, the activity of large Shiba Inu holders remains in doubt, and attention must be directed toward changes in market liquidity and activity. The potential risks are significant.
