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Shiba Inu (SHIB) Eyes Epic 35 Trillion SHIB Bearish Imbalance
The latest market data has revealed a staggering bearish imbalance in the Shiba Inu token, with over 35.5 trillion SHIB potentially available for sale. This massive sell wall could have significant implications for the cryptocurrency’s price movement in the current market.
As of now, it appears that there is no buyer capable of absorbing this enormous amount of SHIB, leaving the token exposed to potential fluctuations. The magnitude of this imbalance raises questions about how this imbalance may affect the Shiba Inu’s (SHIB) prices in the present reality.
With many people taking holiday breaks as Christmas and New Year approaches, it is anticipated that there will be a shift towards securing positions where they are currently held, which could result in the sale of hundreds of millions of dollars worth of SHIB.
Source: u.today
