Oh, dear Shiba Inu! 🐶 What’s happening to you? In recent weeks, the meme coin has been going through a rough patch, with a 1,600% implosion in large holder outflows. That’s not just a statistical outlier, folks, it’s a warning sign!
SHIB is currently hovering just above $0.0000119 on the price chart after falling below important support levels at $0.000013 and $0.000012. The trend is still very bearish, despite this obvious breakdown from the recent consolidation range. 📉
As the RSI rapidly declines, it suggests there’s little bullish resistance and more selling pressure. But the on-chain behavior is the real kicker. Whale accumulation has completely stopped, with a 98.6% collapse in large holder inflows over the past seven days, according to IntoTheBlock data. However, in just one week, outflows from major holders have skyrocketed by 1,598%. 🐳
The market’s aggressive selling pressure usually precedes or coincides with this mass whale exit, which usually signifies a significant loss of confidence. Big money is driving SHIB crazy, to put it simply. The fact that the price is not reacting to any bottoming behavior is even worse. On red days, the volume stays high, and there’s no indication of a capitulation bounce. 😱
There’s an exodus going on here, not just a dip. Short-term upside potential is currently very constrained. There’s a chance that SHIB will decline toward the psychological $0.000010 zone unless it can recover $0.0000135 and show consistent buyer strength. This is not the time for investors to buy the dip heedlessly. 🚫
Now is the time to reconsider if a significant recovery is even supported by the current market structure. SHIB is on thin ice until change occurs in whale behavior or general sentiment. 🧐
Read More
2025-06-15 12:36