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Shiba Inu (SHIB) Eyes Epic 35 Trillion SHIB Bearish Imbalance
According to recent data, a massive bearish imbalance has emerged in the market for Shiba Inu (SHIB), with an astonishing 35 trillion SHIB tokens waiting to be sold. This staggering figure is unprecedented and has raised concerns about the potential impact it may have on the token’s value.
The imbalance arises from a significant discrepancy between buy orders and sell orders, with the majority of investors opting to sell their SHIB holdings at current prices. As a result, there are tens of trillions of SHIB tokens waiting to be sold, creating an enormous bearish pressure that could drastically affect the token’s market value.
While the exact impact this imbalance will have on SHIB is unknown, it is clear that investors should exercise extreme caution when considering their investment options in the short-term.
Source: u.today
