Shiba Inu Price Drops 12% – Whales & Binance Traders Stay Bullish
Shiba Inu (SHIB) fell 12% to a two-month low of $0.0000114 amid a broader crypto market downturn triggered by the Israel-Iran conflict. Trading volume surged to $343M, signaling strong selling pressure.
Bearish Signals
SHIB broke below the 50-day moving average, risking a 35% drop.
Open interest fell 17% to $141M, with $787K in long liquidations.
Bullish Whales & Traders
Despite the decline, whales (holding $100K+ in SHIB) and Binance futures traders remain optimistic, suggesting potential accumulation.
Bottom Line: SHIB faces bearish pressure, but large holders and derivatives traders hint at possible recovery.