Shiba Inu, a cryptocurrency, has seen a 5% increase in the past 24 hours as it attempts to recover from a recent decline. However, this rebound is driven by large investors accumulating more tokens, while long-term holders face profitability concerns. The MVRV Long/Short Difference metric indicates that long-term holders are now at the same profitability level as short-term holders, leading to uncertainty among investors. Despite this, whale accumulation has provided some relief to Shiba Inu's price, with significant inflows from whale addresses in the last 48 hours. This buying activity suggests that whales expect a price rebound and are positioning themselves accordingly. The token's price is currently at $0.00001649, but its short-term trajectory remains uncertain. To maintain upward momentum, Shiba Inu must break through a resistance level and consolidate above it. If successful, a stronger rally could occur, recovering recent losses. Investors will closely monitor whether large holders continue accumulating or if selling pressure resumes.
Content Editor ( beincrypto.com )
- 2025-02-09
Shiba Inu Whales Start Buying Despite Key Holders Losing Profitability
