Shiba Inu Coin "out of favor"? Falling below the key position has caused concerns, but the chain is suspected of quietly increasing holdings!

May 6, 2025, according to the Crypto King's official account, as of press time, Shiba Inu Coin (SHIB) has continued to hover in the fluctuation range for two months and fell below the median line of $0.0000129. Bulls are weak, bears are gradually taking control of the situation, and SHIB prices are more likely to fall to the bottom of the range.

Recent data shows that whale selling pressure remains, but the net inflow of exchanges has been negative since January, and more tokens are being transferred out of exchanges (source: Glassnode), reflecting that market selling pressure has weakened and investors tend to hold coins and wait and see.

Santiment data shows that bearish sentiment is intensifying, financing rates have turned negative, and open interest has continued to decline since April 26. At the same time, the number of active addresses soared in early May, but then quickly fell back, which may point to short-term selling behavior.

However, as the circulation of dormant tokens on the chain increases and the 30-day MVRV indicator falls into the negative range, the selling pressure of short-term holders may have been released, creating conditions for the next stage of consolidation and potential increase in holdings. Although there is no buy signal at present, the market may have been quietly laid out.