【Crypto World】On-chain data reflects the recent market pressure faced by SHIB. Exchange token reserves have risen to approximately 82 trillion tokens, and the benchmark price has started to decline from the recent high of $0.000009, indicating that selling pressure cannot be ignored. Continuous net inflows into exchanges, sluggish derivatives trading volume, and open interest falling below $108 million—down more than 7%—all point to a rising bearish sentiment in the market. However, interestingly, another story is unfolding simultaneously. Large trader volume (single transactions over $100,000) has surged by 111%, indicating that some seasoned traders are still holding on or even accumulating at low levels. Currently, SHIB’s trading price is around $0.00000864, and the battle between bulls and bears has just begun.
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SHIB On-Chain Sentiment Shift: 82 Trillion Reserve Surge vs. Major Holders' Aggressive Positioning
【Crypto World】On-chain data reflects the recent market pressure faced by SHIB. Exchange token reserves have risen to approximately 82 trillion tokens, and the benchmark price has started to decline from the recent high of $0.000009, indicating that selling pressure cannot be ignored. Continuous net inflows into exchanges, sluggish derivatives trading volume, and open interest falling below $108 million—down more than 7%—all point to a rising bearish sentiment in the market. However, interestingly, another story is unfolding simultaneously. Large trader volume (single transactions over $100,000) has surged by 111%, indicating that some seasoned traders are still holding on or even accumulating at low levels. Currently, SHIB’s trading price is around $0.00000864, and the battle between bulls and bears has just begun.