Shiba Inu Faces Capitulation—What’s Next as 87% of Holders Sit in Loss?
SHIB has dropped 33% since May 12, with 87% of holders now "out of the money," reflecting a bearish market.
Negative Net Unrealized Profit/Loss signals a capitulation phase, often marking the end of a bearish cycle and a potential rebound.
Historical trends suggest that as selling pressure wanes, SHIB could see a price reversal, with resistance levels at $0.0000198 and $0.00001362.
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Since peaking at an intraday price high of $0.0000176 on May 12, the leading meme coin, Shiba Inu (SHIB), has witnessed a 33% decline.
Due to the coin’s lackluster performance, on-chain data reveals that a significant portion of SHIB holders are currently at a net unrealized loss, signaling a state of capitulation in the market. What does this mean for investors?
Since peaking at an intraday price high of $0.0000176 on May 12, the leading meme coin, Shiba Inu (SHIB), has witnessed a 33% decline.
Due to the coin’s lackluster performance, on-chain data reveals that a significant portion of SHIB holders are currently at a net unrealized loss, signaling a state of capitulation in the market. What does this mean for investors?
