Short-term investors lowered their positions and most exited the market. For this reason, some altcoins, including Shiba Inu (SHIB) and Dogecoin (DOGE), have experienced greater declines compared to Bitcoin (BTC).
With the market correction, the Shiba Inu lost 16% but managed to rebound later.
After yesterday’s sales, SHIB closed the day with a 15% decrease, even though it gained 30% in one day. The token has been moving in a short range since yesterday.
All the while, some whales continue to purchase large quantities of SHIB. A crypto whale bought 35 billion SHIB. However, the market does not react to it. Looking at the volume indicator, the volatility of the asset also remains at a low rate as both buying and selling pressure is reduced.