Ethereum

Shiba

Shiba Inu

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<h2 id="shiba-inu-sees-major-eight-trillion-token-outflow">Shiba Inu sees major eight-trillion-token outflow</h2>
<p>Shiba Inu's market structure<a href="https://u.today/8000000000000-shiba-inu-shib-erased-from-exchanges-whats-going-on" rel="noopener noreferrer nofollow">is rapidly changing</a> as the asset starts regaining what has been lost in the last few months.</p>Exchange outflows. More than 8 trillion SHIB exited centralized exchanges in 24 hours, marking one of the largest single-day outflows in months. 
<p>More than eight trillion SHIB left centralized exchanges in a 24-hour period, making it one of the biggest single-day exchange outflow events in months.</p>
<p>When that volume of liquidity leaves exchanges, it typically indicates one of two things: either large holders' strategic repositioning, or accumulation. The first option is much more likely given SHIB's recent actions.</p>
<p>Nevertheless, rather than continuing to bleed out, the price is stabilizing above local lows, creating a short-term consolidation range. That alone indicates that the negative is being mitigated.</p>Bullish sign. Large holders typically move tokens off exchanges to reduce sell-side risk when planning to hold. 
<p>When you combine this with the eight trillion SHIB outflow, the story becomes more apparent. In order to lessen sell-side pressure, large holders withdraw liquidity from exchanges when they intend to hold, stake, deploy into DeFi, or just take tokens out of circulation.</p>
<h2 id="xrp-forms-key-support-as-analyst-flags-potential-rebound">XRP forms key support as analyst flags potential rebound</h2>
<p>XRP<a href="https://u.today/xrp-may-rebound-towards-250-in-december-but-theres-a-catch" rel="noopener noreferrer nofollow">may be headed</a> for a big price resurgence to $2.50, but an analyst suggests it might need to maintain a close above a crucial support level first.</p>Price support. XRP has faced the same downward pressure but may be nearing a rebound. 
<p>With the crypto market constantly facing repeated pressures, XRP has also had its own share of the negative market trend, but a recent analysis shared by popular crypto analyst Ali Martinez suggests a big rebound could be imminent.</p>
<p>On Tuesday, December 9, Ali shared a chart revealing that XRP has formed clear support above $1.94. Historical movements show that the level has constantly aided a big upward movement.</p>
<p>While XRP has now been spotted sitting in a zone where buyer strength is crucial to aid the next uptrend, the analyst warns that XRP must maintain a close above the $1.94 support level to retain its bullish trajectory.</p>
<h2 id="ethereum-whales-accumulate-over-800-000-eth-in-30-days">Ethereum whales accumulate over 800,000 ETH in 30 days</h2>
<p>Whales holding at least 10,000 ETH<a href="https://u.today/over-24-billion-in-ethereum-bought-in-one-month-big-price-action-soon" rel="noopener noreferrer nofollow">have scooped up</a> more tokens in the last month, buying off over 800,000 ETH in just 30 days.</p>Whales awakening. Aggressive accumulation exceeding 800,000 ETH in the past month. 
<p>On Wednesday, Dec. 10, popular crypto analyst Ali Martinez had showcased data revealing the aggressive accumulation of more than 800,000 ETH in the last 30 days.</p>
<p>The analyst revealed this, showing charts from crypto analytics firm Santiment that show that Ethereum wallets holding between 10,000 ETH and 100,000 ETH had bought over $2.4 billion worth of Ethereum at an average trading price of $3,105. This signals a notable shift in sentiment, as large Ethereum holders appear to have been preparing for a major price shift.</p>Sentiment shift. Activity suggests confidence in an upcoming catalyst despite broader market weakness. 
<p>While the price of Ethereum had struggled through a period of downward pressure and volatility amid the broad crypto market downtrend witnessed in previous months, whale holdings appear to have steadily climbed.</p>
<p>Amid prolonged market volatility, ETH prices have hovered around low levels, even dipping as low as $2,600 in the past month. However, whale activity suggests that large investors appear to have massively bought the dip, positioning themselves for what they believe could be an upcoming catalyst.</p><a href="https://u.today/8-trillion-shib-leaves-exchanges-xrp-price-eyes-250-rebound-24-billion-in-ethereum-bought-in-one" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

8 Trillion SHIB Leaves Exchanges, XRP Price Eyes $2.50 Rebound, $2.4 Billion in Ethereum Bought in One Month — Crypto News Digest

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