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Shiba Inu (SHIB) is back to a 2-month consolidation range after briefly losing it as geopolitical tensions brought uncertainties. Now, Finbold has identified key support and resistance levels to watch this week in SHIB’s on-chain data and price chart. Over two-thirds of Shiba Inu‘s supply is in profit, with 77.52 trillion SHIB purchasing the token at lower prices. With that in mind, high-volume purchasing prices can give insights into key levels that will likely see increased trading activity. In particular, on-chain data from IntoTheBlock show the “in/out of the money around price,” separated by addresses and volume. By press time, Shiba Inu had traded at nearly $0.000027. Picks for you Bitcoin miners scooped $100 million for record daily revenue 19 mins ago Buy signal for two strong cryptocurrencies this week 2 hours ago In retrospective: Gold’s new all-time high against the dollar 2 hours ago Traders capitulate for one-month...

According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval follows a decade-long pursuit of this type of product. Coinbase records a year-high for #Bitcoin OTC transfer volume at $7 billion today.https://t.co/HrkV3TUGJT pic.twitter.com/vxv0znNJG2 — Ki Young Ju (@ki_young_ju) January 11, 2024 One day later, CryptoQuant reported that the purchase of Bitcoin (BTC) had surged in direct response to this announcement, reporting the highest level since Mar. 21 last year. It is also worth noting that the volume was at $1.3 billion a month earlier. You might also like: CryptoQuant unveil two potential scenarios for spot Bitcoin ETFs At the same time, Glassnode, an on-chain marke...