The post -19,685,880,237 Shiba Inu (SHIB) in 24 Hours: Netflows Turn into Downfalls appeared on BitcoinEthereumNews.com. Mixed market dynamic Shiba Inu unloading Due to a significant change in exchange netflows revealed by on-chain data, which suggests that traders may be bracing for higher volatility, Shiba Inu has entered a critical phase. After several days of positive netflows, SHIB experienced a startling reversal, recording a net outflow of over 19.6 billion tokens in a single day, according to CryptoQuant.  Mixed market dynamic The underlying implications are highly dependent on trader intent and general market sentiment, even though the raw figure initially looks bearish. Investors may be selling into weakness or setting up for short-term speculation as the drop in exchange netflows indicates that fewer tokens are being removed from exchanges. Strong inflows and outflows have alternated over the last week in SHIB’s exchange netflow pattern, indicating the token’s equilibrium between accumulation and profit-taking.  SHIB/USDT Chart by TradingView Inconsistent flow activity of this type usually precedes significant market movements, such as an unanticipated recovery attempt or a continuation of the correction. Technically speaking, SHIB’s chart displays price consolidation close to $0.0000102, with support from a short-term ascending trendline. However, any rally attempts are still capped by resistance at $0.0000118 and a dominant descending structure that dates back to August. The overall bearish outlook is highlighted by the 200-day moving average, which is situated well above current levels.  Shiba Inu unloading The future of Shiba Inu depends on whether whales continue to unload or resume accumulation. The price may be under more pressure from persistently negative netflows such as the one observed today and may test the $0.0000095 support zone once more. A return to positive flows, especially significant outflows from exchanges, on the other hand, would suggest a potential recovery and a resurgence in investor confidence. SHIB is in essence at a turning point: today’s netflow of -19.6… The post -19,685,880,237 Shiba Inu (SHIB) in 24 Hours: Netflows Turn into Downfalls appeared on BitcoinEthereumNews.com. Mixed market dynamic Shiba Inu unloading Due to a significant change in exchange netflows revealed by on-chain data, which suggests that traders may be bracing for higher volatility, Shiba Inu has entered a critical phase. After several days of positive netflows, SHIB experienced a startling reversal, recording a net outflow of over 19.6 billion tokens in a single day, according to CryptoQuant.  Mixed market dynamic The underlying implications are highly dependent on trader intent and general market sentiment, even though the raw figure initially looks bearish. Investors may be selling into weakness or setting up for short-term speculation as the drop in exchange netflows indicates that fewer tokens are being removed from exchanges. Strong inflows and outflows have alternated over the last week in SHIB’s exchange netflow pattern, indicating the token’s equilibrium between accumulation and profit-taking.  SHIB/USDT Chart by TradingView Inconsistent flow activity of this type usually precedes significant market movements, such as an unanticipated recovery attempt or a continuation of the correction. Technically speaking, SHIB’s chart displays price consolidation close to $0.0000102, with support from a short-term ascending trendline. However, any rally attempts are still capped by resistance at $0.0000118 and a dominant descending structure that dates back to August. The overall bearish outlook is highlighted by the 200-day moving average, which is situated well above current levels.  Shiba Inu unloading The future of Shiba Inu depends on whether whales continue to unload or resume accumulation. The price may be under more pressure from persistently negative netflows such as the one observed today and may test the $0.0000095 support zone once more. A return to positive flows, especially significant outflows from exchanges, on the other hand, would suggest a potential recovery and a resurgence in investor confidence. SHIB is in essence at a turning point: today’s netflow of -19.6…

                                                                               21Shares has filed for a Hyperliquid ETF, while Bitwise’s Solana staking ETF has a big day of trading as investors perk their ears toward altcoins.                     Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies.The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians.It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month. The token gives discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain. It has increased in value over the past year, in line with the service’s growing popularity.Read more