According to the data on the chain, Sheib, the title of dogs, has witnessed a 97 % decrease in large -day pregnant flows over just three days, raising concerns about her short -term view.
according to INTOTHEBLOCK Data, large Shiba Inu holder flows fell from 3.06 trillion grains on June 23 to 84.76 billion graying on June 26. This represents a 97 % decrease, which indicates a slowdown in a large pregnant activity.
Large pregnant flows indicate money that is used in whale headlines. The sudden decrease in these flows may indicate that senior players sit on the margin, and perhaps waiting for better entry prices or a clearer market direction.
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This may mean that the whales choose caution amid the recent fluctuations of the encryption market. It can reflect a broader feeling of risks before macroeconomic catalysts or expected market movements.
SHIB price decreased
SHIBANU faces profits after reaching $ 0.00001192 on June 24 at a period of two days. At the time of the press, SHIB was trading by 0.75 % at 0.00001115 dollars where the broader encryption market was traded in red after issuing the upper inflation data expected.
According to the report of the Ministry of Commerce issued on Friday, the annual inflation rate has infiltrated the federal reserve goal. The Personal Consumption Expenditure Index, and the initial inflation of the Federal Reserve Bank increased by 0.1 % seized per month, up to the annual inflation rate of 2.3 %.
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The goal of inflation in the Federal Reserve is 2 %, a level that has not reached it since early 2021. The basic inflation jumped to 2.7 % in May, reaching higher than expected.
The report comes at a time when the Federal Reserve contemplates its next step in interest rates. It is widely expected that the central bank will maintain interest rates unchanged in its meeting in late July. However, a few officials recently called for a reduction as long as inflation data shows moderate pressure.
