The cryptocurrency Shiba Inu is under significant market pressure due to a sharp decline in large holders' netflow. This event raises questions about the future of the asset.
What is Large Holders' Netflow?
The large holders' netflow metric measures the difference between inflows (tokens going into large holders' wallets) and outflows (tokens leaving wallets). The observed 358% decline over the last 30 days signals a substantial withdrawal of assets by major investors.
Current Market Situation of Shiba Inu
Currently, Shiba Inu is in a prolonged downward trend that began in February 2025. The price has failed to break through significant resistance levels, indicating a continuing bearish sentiment in the market. The RSI indicator is at 45, indicating a neutral state and a lack of oversold conditions.
Prospects for Shiba Inu After the Drop
If Shiba Inu cannot maintain its position above the 26 EMA (current price around $0.000012), it risks further declining towards the support level around $0.000010. The current situation poses risks of increased volatility and price declines unless market sentiment shifts.
The sharp drop in large holders' netflow and the continued decline in Shiba Inu's price create unfavorable conditions for investors. The current situation requires careful monitoring and analysis to determine possible paths for the asset to recover from these difficulties.
