CryptoQuant data reveals that Shiba Inu’s exchange netflow dropped from hundreds of billions to 65 billion SHIB as of October 10. This significant decline signals that sellers are pulling back, though the netflow remains positive, indicating lingering bearish control. SHIB’s price has recovered to positive territory, pointing to renewed market demand and shifting sentiment. Analysts suggest the memecoin could be positioning for a major rebound if current momentum continues.
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