Peter Smith
Something's seriously wrong with Shiba Inu right now. What looked like a normal dip has turned into a full-blown whale panic, and the numbers are pretty scary. We're not talking about a few big players taking profits here - this is a massive exodus that's got everyone worried.
The data from IntoTheBlock tells the whole story. Large holder outflows have gone absolutely crazy, jumping 1,598% in just seven days. At the same time, whale buying has basically disappeared - we're talking about a 98.6% drop in big money coming in. When you see numbers like this, you know something's up.
SHIB (Shiba Inu) Price Keeps Falling with No Bottom in Sight
SHIB is hanging on by a thread at around $0.0000119 after smashing through some pretty important support levels. Those $0.000013 and $0.000012 levels that used to hold? They're history now.
The technical picture looks rough too. All the major moving averages - the 50, 100, and 200 - are saying "no thanks" to any rally attempts. That's textbook bearish action right there. The RSI is heading toward oversold territory, but here's the kicker - there's still no buying interest showing up.
What's really concerning is that we're seeing heavy volume on down days without any of those bounce-back moments you'd normally expect. That usually means more pain is coming.
Shiba Inu (SHIB) Whales Are Running for the Hills
Here's where things get really interesting. When the big money starts running, it's not just about making a quick buck - it means they've lost faith in what's coming next. These whale moves usually happen right before or during major sell-offs, and that's exactly what we're seeing now.
Think about it this way: the smart money is getting out while retail traders might be thinking "cheap SHIB!" That's a recipe for disaster if you're on the wrong side of the trade.
SHIB needs to get back above $0.0000135 and show some real buying power, or we could be looking at a drop to that psychological $0.000010 level. And honestly? This isn't the time to be catching falling knives.
Until we see whales coming back or the overall mood shifting, SHIB is walking on thin ice. The combination of broken technical levels, massive whale selling, and zero buying interest is about as bad as it gets. Smart money is already gone - the question is how much further this thing can fall before it finds a real bottom.
Peter Smith
