SHIB接近月度高点，但两大链上危险信号预示回调风险

SHIB价格逼近月度高点，但链上数据拉响警报——两大关键指标显示回调可能迫在眉睫。

鲸鱼活动异常活跃

大额交易量激增，通常预示大户正在准备抛售。历史数据显示，这种模式往往出现在局部顶部。

交易所流入量飙升

大量SHIB正涌入交易所钱包，这是典型的获利了结信号。当投资者准备卖出时，他们首先会将代币转移到交易所。

技术面与基本面背离

价格创新高本该带来乐观情绪，但链上数据却在讲述另一个故事——就像传统金融分析师一边喊着‘这次不一样’，一边悄悄减持头寸。

SHIB Climbs, But On-Chain Data Points to Rising Sell Pressure

According to data from Glassnode, SHIB’s exchange balances have skyrocketed in the past week, hitting a 30-day high of 156.47 trillion on September 11. 

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Exchange balance refers to the total number of tokens held in centralized trading platforms. When these balances spike during a price rally, it signals that holders are moving their tokens from private wallets to exchanges, intending to sell. 

Therefore, SHIB’s sharp increase in exchange supply over the past few days suggests that traders are capitalizing on the recent upswing to lock in profits. The heightened selling pressure could prevent the meme coin from maintaining its rally and make a near-term pullback more likely.

Moreover, whale activity around SHIB has noticeably slowed, according to Nansen. Information from the on-chain data provider reveals that the balance of high-value wallets holding SHIB tokens worth more than $1 million has dropped by 6% in the past seven days. 

A decline in whale holdings is interpreted as a bearish signal, as it suggests that deep-pocketed investors, who typically provide the strongest price support, are distributing rather than accumulating. 

This trend could also trigger retail SHIB traders to sell, amplifying the downside pressure on the token.

SHIB Nears $0.00001408, But Sell Pressure Could Drag Price Lower

The rise in exchange balances and the drop in whale activity FORM two significant red flags for SHIB’s near-term outlook. If these continue, SHIB’s current rally could lose momentum, leading to a price decline toward $0.00001187.

However, if buy-side pressure strengthens, the meme coin could revisit its monthly high of $0.00001408.