Markets· ★★· neutral·

Shiba Inu exchange balances rose by 1.34 billion tokens in a day

  • —SHIB exchange balances rose by 1.34 billion tokens in 24 hours
  • —U.Today cites SHIB at $0.00000534; CoinGecko shows $0.00000529–0.00000546
  • —Crypto futures liquidations on Oct 8–9 totaled $1.1–1.19 billion
  • —Rising exchange balances do not confirm actual selling or a price reversal
Why it matters: Traders often read rising exchange deposits as a sell signal, but without confirmation from volume and withdrawals it remains only a preliminary indicator.
#SHIB
Source: TokenPost
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