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Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-whales-make-moves-as-bitcoin-price-declines/" data-wpel-link="internal">Shiba Inu Whales Make Moves as Bitcoin Price Declines</a><br></p>
<p style="text-align: justify;"><strong><a href="https://coin-turk.com/bitcoin-durgun-gozukse-de-analistler-daha-sert-dusus-bekliyor" data-wpel-link="internal">Bitcoin</a> price</strong> dropped to $65,075, while <a href="https://en.coin-turk.com/shiba-inus-market-dynamics-and-token-burns/" data-wpel-link="internal">Shiba</a> Inu whales continue to make significant moves. According to on-chain data, a colossal amount of 461 billion Shiba Inu (<a href="https://en.coin-turk.com/interesting-times-for-bitcoin-btc-historical-opportunities-record-highs-and-resistance-levels/" data-wpel-link="internal">SHIB</a>) tokens was transferred to a wallet named Robinhood by the leading algorithmic trading firm Wintermute.</p> 
<h2 style="text-align: justify;" id="billions-of-shib-on-the-move">Billions of SHIB on the Move</h2> 
<p style="text-align: justify;">The crypto data tracking platform Whale Alert reported that 461,631,206,896 <a href="https://es.coin-turk.com/las-ballenas-de-shiba-inu-se-mueven-mientras-el-precio-del-bitcoin-desciende/" target="_blank" rel="noopener nofollow noreferrer" data-wpel-link="external">SHIB</a> worth $13,175,185 was transferred from <strong>Wintermute</strong> to an unknown wallet. Additional information provided by Etherscan reveals that the recipient wallet is identified as “Robinhood 2”.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336410 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/shiba-Inu-coin-turk-com-.png" alt="" width="586" height="158"></p> 
<p style="text-align: justify;">The timing of the transfer coincides with a broader market downturn, where many major <strong>cryptocurrencies</strong> have lost value, thus triggering speculation. Such a move could signify increased trading activity or strategic accumulation by Robinhood in anticipation of future demand. However, the exact reason for this move remains unknown.</p> 
<h2 style="text-align: justify;" id="dollar-index-rises-cryptocurrencies-affected">Dollar Index Rises! Cryptocurrencies Affected</h2> 
<p style="text-align: justify;">Positive US manufacturing data pushed the dollar index to its highest level since mid-November, causing <a href="https://en.coin-turk.com/south-korea-introduces-tax-on-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a> and other crypto assets to face selling pressure today. With the data showing an unexpected increase in US manufacturing activity in March, Bitcoin fell to $65,075 during the day. Following the manufacturing report, the probability of the Fed cutting interest rates in June fell below 50%.</p> 
<p style="text-align: justify;">As the flagship cryptocurrency Bitcoin’s price declined, Shiba Inu’s price also experienced a downturn. From this perspective, it is evident that Shiba Inu’s price is falling along with the general crypto market. At the time of writing, the cryptocurrency <strong>SHIB</strong> has dropped by 6.44% to $0.0000265 in the last 24 hours.</p> 
<p style="text-align: justify;">The meme coin Shiba Inu has been gradually declining since reaching its peak of $0.00003285 on March 28. If the declines continue, the level of approximately $0.00002288, where the daily MA 50 is located, could be seen as the next major support for the Shiba Inu price.</p> 
<p style="text-align: justify;">On the other hand, if the SHIB price recovers, the bulls might look for a breakout above the resistance levels of $0.00003 and $0.000032 for a new trend signal. However, it should be noted that this recovery will depend on the movement of Bitcoin’s price in the coming hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-whales-make-moves-as-bitcoin-price-declines/" data-wpel-link="internal">Shiba Inu Whales Make Moves as Bitcoin Price Declines</a></h5>

Shiba Inu Whales Make Moves as Bitcoin Price Declines

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COINTURK NEWS

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