Shiba Inu has not had any significant trades worth more over $1 million in the last 24 hours, suggesting a time of exceptionally low trading activity. Such a lack of activity frequently denotes a brief decline in volatility and liquidity.
Weekends are often associated with decreased trading volumes in all financial markets, and the bitcoin market is no exception. Transaction volumes drop during these periods because many traders and institutions scale back their operations.
Such a decline in activity might result in less liquidity for a volatile asset like SHIB, which is highly impacted by retail investors and larger market players. This slowdown is a cyclical feature of market behaviour that experienced investors expect, not anything that is intrinsically bad.
The existing low liquidity and decreased whale transactions may cause SHIB to experience a number of possible consequences. Less massive buy or sell orders may have the greatest immediate effect by stabilising prices and preventing abrupt fluctuations in market valuation. But, this may also prepare the way for more volatility when regular trading returns, as built-up orders and heightened market emotions may cause abrupt price changes.
Upon examining the SHIB price chart, one can observe the formation of a consolidative pattern as prices taper into a smaller range. Because the trend lines are converging, there may be an impending breakout, which is typically a sign of impending volatility spikes in the market.
The lack of whale trades shouldn’t worry Shiba Inu investors too much for the time being. This behaviour is more prevalent on weekends and other slower business days. Keeping an eye on the market on Monday, when trading resumes and volume comes back to the market, makes more sense.
