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Shiba inu makes a hard reality, showered by the most recent transaction data from IntheBlock: The main players are left. In full. A full’s full of the whale activity from market is indicated by 100% drop in the transactions number in $ 1 million $ 10 million range.
This type of flow is disaster for an asset as Shibthat depends directly from the moment of the moment and high volume. Shb has experienced numerous returns in significant transactions during their eopaque periods in the past five years, especially in the early 2021 and 2022. However, all heat is refreshed.
No balena size transaction in $ 1 million $ 10 million has been documented as of the most recent update. Meanwhile, all other transaction shots are showing stagnation. Despite a slight recovery (+ 31,28% and 30.77%, respectively) in $ 100,000 $ 100,000- $ 100,000- $ 100,000. Are always very below the significant moment.
While the interest of the retail is still sporadic and intristal, smart money seemed to pack and moved. The image becomes more clear when combining this with the current price folder for shib. With an inability to overcome areas important resistance, Shib move slowly below its 50 eMA.
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The price action displays clear fear and lack of conviction, and the most recent price chart showing the trade volume has dried. Although there are a technical terrain for a possible short-time refund, every recovery to doubt as a result of the structural weakness, specifically the decrease in whale activity.
This market configuration consolidation, rather than an explosion, unless there is no significant change in any macro or fundamental feeling. Also, the odds of shib to revive their previous-but extremely slim glory as large transactions stay zero.
