Shiba Inu (SHIB) is currently facing considerable bearish pressure, with significant activity from whales and major holders contributing to its decline. Recent data reveals that key support for SHIB could be under threat, leading to concerns among investors and traders.
Whale Activity Drives Selling Pressure
According to data from Santiment, whales holding between 100,000 and 100 million SHIB have offloaded a staggering 32.17 billion tokens since January 20, 2026. This massive sell-off has amplified selling pressure and pushed SHIB prices downward. Furthermore, trading volume surged by 16% in the last 24 hours, reaching $105.88 million, underscoring the magnitude of activity surrounding SHIB.
Declining Futures Open Interest Signals Waning Confidence
Insights from derivatives platform CoinGlass indicate that SHIB’s Futures Open Interest (OI) has steadily declined. As of now, SHIB’s OI has dropped from $145.56 million on January 6 to $96.69 million, reflecting reduced interest among market participants. In tandem, the 50-day Exponential Moving Average (EMA) continues to hover above SHIB’s price, reinforcing bearish sentiment.
Key Support Levels and Risk of Further Decline
SHIB is trading near the critical support level of $0.00000756, a zone it has maintained since January 19, 2026. If this support fails, analysts predict SHIB could drop another 6.5%, potentially reaching the $0.0000070 level. The Average Directional Index (ADX), a momentum indicator, stands at 24.44, below the critical threshold of 25, signaling weak directional momentum in the market.
Leveraged Trading Insights
Investor analysis from CoinGlass’s SHIB Exchange Liquidation Map shows traders are heavily leveraged at $0.00000743 on the downside and $0.00000796 on the upside. Approximately $257.70K is placed in long-leveraged positions, while $569.80K represents short-leveraged positions. This disparity highlights the overall bearish outlook for SHIB.
Investing Strategically
As the volatile cryptocurrency market continues to evolve, careful decision-making remains essential for SHIB investors. Those interested in tracking the latest price movements and market trends may consider tools like the CoinGlass Futures Dashboard, which offers real-time metrics to assess sentiment and make strategic trading decisions.
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