 ▲ Shiba Inu (SHIB) / ChatGPT-generated image |
Shiba Inu (SHIB) is facing downward pressure after losing a key on-chain support level amounting to 82 trillion SHIB, but hopes for a rebound persist as signs emerge of whale accumulation with hundreds of billions of tokens leaving exchanges.
According to crypto media outlet The Crypto Basic on February 11 (local time), Shiba Inu recently broke below a major price range where approximately 82 trillion SHIB had been heavily accumulated during its latest correction. Citing data from IntoTheBlock, the report noted that SHIB failed to hold the substantial support zone formed between $0.000025 and $0.000027, pushing many addresses that had accumulated tokens in this range into unrealized losses.
Despite the price weakness, movements by large investors have become increasingly active. Over the past two weeks, more than 700 billion SHIB have flowed out of centralized exchanges into external wallets. Such outflows are typically interpreted as a signal of long-term accumulation by whales, suggesting that some investors are taking advantage of the current decline as a buying opportunity.
On-chain liquidity indicators show that selling pressure in the market is gradually easing. As SHIB holdings on exchanges continue to decline, the actual supply available for sale is shrinking, creating a technical foundation for a potentially swift recovery should even modest buying pressure enter the market. Analysts predict that the imbalance between declining supply and ongoing large-scale accumulation could act as a catalyst for a rebound.
However, the 82 trillion SHIB zone is now likely to serve as a strong resistance level. Investors who are currently at a loss may create psychological selling pressure as they seek to break even. Many analysts argue that for SHIB to transition into a full-fledged uptrend, further reductions in exchange inflows must be accompanied by strong trading volume capable of breaking through this resistance range.
Shiba Inu is currently navigating a phase marked by conflicting signals: the breakdown of a key technical support level and large-scale whale accumulation. Despite short-term price volatility, the movement of hundreds of billions of tokens out of exchanges supports investor confidence in long-term value appreciation. Market participants are closely watching for the completion of whale accumulation and stabilization of supply-demand dynamics to gauge the token’s next direction.
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