The Shiba Inu (SHIB) market is sending mixed signals. On one side, technical charts and trading behavior point toward a significant drop. On the other hand, whales—those deep-pocketed investors—are buying aggressively during the dip. This divergence between retail fear and whale confidence has left the crypto community wondering: What do the whales know?
Let’s break down the latest data, price action, and whale movements to understand what might be coming next for SHIB.
SHIB Price Tumbles Over 7.5% Amid Rising Volatility
Over the last 24 hours, Shiba Inu’s price has taken a hit. At the time of writing, SHIB is trading around $0.0000124, representing a 7.5% decline. The drop comes during a volatile period for the broader memecoin market and has triggered growing concern among retail traders.
As price pressure builds, trading volume has also dipped, falling by roughly 10%. This signals a lack of participation from traders and investors alike. The market appears fearful, with many stepping back to watch from the sidelines.
Despite the negative sentiment, whales are showing strong interest in Shiba Inu. According to on-chain data from IntoTheBlock, there has been a massive surge in large transactions:
- Transactions between $100K and $1M jumped 175.86% in the last 24 hours.
- Transactions between $10K and $100K surged 147.79% in the same period.
- In contrast, smaller trades—often associated with retail investors—have plummeted:
- Transactions from $10 to $100 dropped 69.62%.
- Transactions between $100 and $1K fell 21.10%.
This clear divergence between whale accumulation and retail exits suggests a classic market dynamic: retail panic-selling, while institutional or high-net-worth investors buy at discounted levels.
Bearish Indicators: Can SHIB Hold the $0.00001240 Line?
Technical analysis paints a bearish picture. According to AMBCrypto, SHIB is currently testing a key support zone at $0.00001240. If the price closes below this level on the daily chart, it could trigger a deeper correction, potentially an 18% drop in the coming days.
This would push SHIB toward the next support level near $0.0000102, marking a notable retracement from its recent highs.
Compounding this bearish outlook is the fact that SHIB has fallen below the 200-day Exponential Moving Average (EMA). This is a widely followed technical indicator that suggests the asset is currently in a long-term downtrend.
While the current momentum favors bears, it’s worth noting that if SHIB manages to hold above the $0.00001240 support, a reversal could be in play. Based on past behavior, SHIB has previously bounced 18% or more from similar levels.
Such a move could mirror earlier patterns where price dips attracted enough buying interest, especially from whales, to fuel a short-term rally. However, this scenario depends heavily on buyer strength returning quickly.
CoinGlass Data: Shorts Stack Up as Bears Take Control
Adding more weight to the bearish thesis is data from CoinGlass, which shows that traders are heavily leaning into short positions. Around the $0.00001306 level:
- Short liquidations now total $942,000.
- Long liquidations are only $612,000.
This shows a clear bearish bias in the market. If SHIB continues to slide, these short positions could amplify the move further, triggering cascading liquidations that fuel more selling pressure.
It’s a feedback loop often seen in crypto markets: rising shorts lead to price dips, which in turn liquidate more long positions, pushing the price even lower.
The divergence between whale accumulation and retail exits is perhaps the most intriguing part of this story.
Whales often have access to better tools, deeper insight, and stronger risk management. Their willingness to accumulate SHIB during a clear downtrend may indicate confidence in a longer-term recovery or an expectation of a near-term bounce to capitalize on short-term profits.
Retail traders, on the other hand, are often driven by emotion and react more sharply to short-term volatility. The data from IntoTheBlock shows this behavioral gap clearly.
Summary: Bearish Risks Are High, But Watch the Whales
Here’s a summary of where things stand with Shiba Inu right now:
- SHIB is down over 7.5% and trading near $0.0000124.
- Trading volume dropped 10%, signaling low market participation.
- Whales are accumulating aggressively, with large transaction volumes up nearly 176%.
- Retail investors are exiting, with small trades falling as much as 69%.
- A daily close below $0.00001240 could spark an 18% drop.
- Falling below the 200-day EMA confirms a bearish long-term trend.
- Shorts are dominant, with $942K in short liquidations vs. $612K in longs.
Given the current setup, Shiba Inu remains in a precarious position. The technicals are bearish, the volume is shrinking, and retail confidence is fading. But the whale activity provides an interesting counterpoint, one that may suggest hidden strength behind the scenes.
If SHIB holds its current support, we might see a quick reversal. If it breaks lower, a deeper correction appears likely.
