Shiba Inu (SHIB) entered profit-taking shortly after reaching highs of $0.00004575
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Bitcoin fell as much as 10% on Tuesday, dipping to lows of $62,438 amid bearish sentiment as Grayscale Bitcoin Trust, or GBTC, experienced a $643 million outflow on Monday, the most since it transitioned into an ETF on Jan. 11. The majority of cryptocurrencies also plummeted alongside Bitcoin's dip.Amid the current downturn, on-chain data indicates a notable absence of Shiba Inu whales, coinciding with a decline in large transaction volume.
The decline in large transaction volume could be interpreted in several ways: it might be a temporary lull in whale activity, with large holders potentially biding their time before reentering the market.Additionally, the absence of significant whale activity may also be viewed as an opportunity for retail investors to assert their influence within theecosystem.
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