Shiba Inu (SHIB) continues to watch a horizontal course despite the rise in the general crypto money market this week. Small and medium -sized tokens have benefited from increases observed in breast -themed crypto assets recently, while SHIB has not recorded a similar momentum. In this development, various factors, especially the movements of large investors, are suggested to be effective.
Decrease in the net flow of big investors
According to the data of the research company Intotheblock, the net flow of large investors in SHIB decreased by 150 percent in the last week. Large investors are defined as addresses that hold more than 1 percent of the circulatory supply and the tendencies in the market are followed through the purchasing and selling differences of these addresses. Increasing net flow points to asset accumulation and a decrease in a sales -weighted process.
“The net output of big investors indicates that the confidence in Shıb’s close -term performance is reduced and this increases the pressure on the price.” in the form of a statement.
In the current situation, the fact that large investors tend to sell, while raising pressure on Shıb’s price, it is seen that investor confidence decreases. The fact that the price does not increase significantly causes abstain from both individual and corporate investors.
Decrease in Futures Activity Activities
It is noteworthy that the interest in Shıb has decreased on the futures side. According to Coings’s data, Shıb’s futures open positions decreased by 15 percent in the last week to 158 million dollars. Open positions refers to the sum of contracts that have not yet been closed on assets and are often considered an indication of market activity.
This decrease in the amount of open position indicates that investors refrain from terminating their current positions and opening new positions. This is interpreted as a decrease in general market interest.
“The loss of interest accompanied by price stasis shows that Shıb can continue to watch weak in the near term.” He said.
Technical Indicators and Price Expectations
Shıb/USD daily graphics, the price is now considered to be under the Super Trend indicator. The indicator gives clues about direction and power in the market; When the price is below the line, the sales pressure comes to the fore. If the current level is not protected, experts think that Shıb may fall below $ 0.00001295.
However, if the market turns to buyers again, the price is expected to rise to $ 0.00001385. However, existing technical analyzes indicate that generally downward risks are predominantly.
As a result, it is stated that large investors and futures participants continue to be cautious and Shıb’s price performance may be under pressure in the near term. Experts, the new buyer interest in the coming days may be decisive in the opinion.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
