The cryptocurrency Shiba Inu has encountered significant problems in recent weeks, including sharp price declines and outflows from large holders. These changes are causing concern among investors.
Current Market Situation of Shiba Inu
Currently, SHIB is priced just above $0.0000119 after falling below key support levels at $0.000013 and $0.000012. The price movement confirms a bearish trend despite recent consolidation. Increasing selling pressure indicates a lack of bullish signs.
Behavior of Large Holders
Data from IntoTheBlock shows that large holder accumulation has ceased, reflecting a 98.6% drop in inflows over the past week. However, outflows from major holders surged by 1,598%. This signals a significant loss of confidence in the asset.
Outlook and Recommendations
Short-term upside potential remains highly constrained. A further possible decline to the $0.000010 level may occur if the market fails to show strong demand. Investors are cautioned against buying the dip recklessly given the current market structure.
Shiba Inu faces serious challenges, including pressure from large holders and market dynamics. Until significant changes occur in investor behavior or market sentiment, the asset is deemed at risk.
