SHIB Regains 25% Holder Profitability Ratio as $0.000015 Resistance Looms Large

Amid Trump’s calls, SHIB’s improved profitability has dampened short-term capitulation risk and potentially opens the door to another leg higher.

Before the current price recovery, SHIB’s profitability ratio had fallen below 25%, heightening fears of a possible capitulation. However, data from IntoTheBlock’s “In/Out of the Money Around Price” metric which groups all existing holders of a #cryptocurrency by their entry prices, reveals that Shiba Inu investors reclaimed the critical profitability ratio amid the ongoing 17% market rebound.

The latest data shows that 26.97% of SHIB holders are now in profit, having acquired 26.8 trillion $SHIB below current price levels. In contrast, 73.32% of #SHIB investors are still holding at a loss, with another 0.86% at breakeven.

Notably, the chart also shows the largest resistance zone lies at $0.000012, where 30,470 addresses acquired a whopping 33.66 trillion SHIB. #Shiba Inu price recovery could hit a major roadblock at $0.000012 if these holder traders look to exit at break even point.

This profitability zone historically acts as a psychological threshold that triggers broader market participation or resistance. It remains to be seen if bulls will flip this wall, advance towards the $0.000015 level.