During the most recent market downturn, Shiba Inu has suffered greatly, and the data presents a depressing picture: only 5% of SHIB holders are currently making money. Investor sentiment is rapidly deteriorating as the meme coin trades around $0.0000107, and the charts do not provide much short-term respite. As the asset drops below significant support levels, SHIB's price performance keeps getting worse.
The chart makes it evident that SHIB is in a very vulnerable position due to the current downtrend. A surge of selling pressure has caused the asset to break below its $0.000012 support, moving it closer to the next significant level at $0.000010. Data from on-chain further demonstrates how serious the situation is. Over 90% of addresses holding SHIB are currently underwater, with only 5.7% in the green and 4.12% at breakeven, according to IntoTheBlock's Global In/Out of the Money chart.
Source: IntoTheBlock
These out of the money positions are so large that they put holders under tremendous psychological strain, and many of them may panic-sell at the slightest indication of weakness. A bearish picture is also painted by inflow and outflow metrics for large holders. Outflows have plummeted by an astounding 80%, while inflows have fallen by more than 63% in just the last seven days.
HOT Stories Bitcoin (BTC) Confirms First Major "Death Cross" of 2025: What's Next? ETH/BTC Collapses Below 0.02 Bloomberg Veteran Shares Fascinating Observation About XRP and Bitcoin Is Bitcoin (BTC) Headed for $72,000? Dogecoin (DOGE) Price Hit Critical Support, Shiba Inu's (SHIB) Whales Take Control?
Related
Mon, 04/07/2025 - 09:24 Ripple CTO Reacts to Jim Cramer's 'Black Monday' Prediction
Godfrey Benjamin
This implies that whales are not buying the dip; rather, they are reducing their exposure or staying out of the market, which restricts SHIB's ability to recover. In the meantime, there is still worry about the relationship between SHIB's price and overall market sentiment. The bearish outlook is being exacerbated by the ongoing correction on the cryptocurrency market, which is being exacerbated by macroeconomic uncertainty and a risk-off attitude brought on by worries about the existing trade war.
Related
Mon, 04/07/2025 - 06:16 ETH/BTC Collapses Below 0.02
Alex Dovbnya
SHIB might keep declining and possibly wiping out more value unless there is a major infusion of fresh money or bullish momentum soon. Now, the crucial question is whether SHIB can recover the $0.000012 threshold, which would restore technical strength and give the 90% of holders who are currently out of the money some hope. The state of affairs at SHIB is still unstable until then.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
