Long-Term Shiba Inu Holders Sell Heavily As Price Hits 3-Week High
Shiba Inu rallied to a 3-week peak, yet heavy selling by long-term holders and rising exchange inflows put pressure on SHIB’s short-term outlook.
Shiba Inu’s price has climbed over the past week, sparking short-term optimism among investors.
The meme coin is trading near a three-week high, but the surge also highlighted vulnerability among holders. Many long-term investors (LTHs) have started selling, putting downward pressure on SHIB.
Shiba Inu Investors Are Losing Confidence
On-chain data shows a sharp spike in the age consumed metric, which tracks when long-held tokens are spent. The indicator reached a three-month high, reflecting heavy selling by LTHs. Such activity typically signals profit-taking after rallies.
Because LTHs hold significant supply, their actions often shape price direction. Large sell-offs tend to weaken investor confidence and drag the market lower. With SHIB facing this pressure, the risk of retracement has increased despite the recent upward move.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter.
Shiba Inu Age Consumed. Source:
Santiment
The exchange net position change metric further supports the bearish outlook. Green bars on the indicator highlight rising inflows, suggesting investors are transferring tokens to exchanges to sell. This trend reflects a decline in optimism among Shiba Inu holders.
In just five days, over 906 billion SHIB, worth $11.6 million, have been sold into exchanges. This sustained selling pressure reveals growing caution in the market. While Shiba Inu achieved a short-term rally, investor sentiment does not currently back a prolonged recovery.
Shiba Inu Exchange Net Position Change. Source:
Glassnode
SHIB Price To Bounce Back
Shiba Inu has been up 6.69% in the past week, with token trading at $0.00001291. The meme coin is attempting to establish $0.00001285 as a support level, holding near its recent peak.
However, maintaining this momentum appears difficult without strong investor conviction. If selling continues, SHIB could drop toward $0.00001252 or even lower to $0.00001182, erasing recent gains.
Shiba Inu Price Analysis. Source:
TradingView
On the flip side, if the Shiba Inu price successfully defends the $0.00001285 support, a rebound may follow. In that case, SHIB could push toward $0.00001391, which would invalidate the bearish outlook and signal renewed strength.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
GMO executive: Oversupply of stocks and slowdown in AI infrastructure will jointly trigger this round of the AI bubble
GMO executive Inker warns that the largest IPO wave in history—SpaceX, OpenAI, and Anthropic combined—will inject an additional supply of shares equivalent to 6% to 7.5% of the U.S. stock market capitalization, far exceeding the historical record set during the peak of the internet bubble. He points out that if this is combined with the turning point of AI computing power shifting from scarcity to surplus, the market decline could reach 35% to 50%.
BNY completes first tokenized US Treasury repo on major triparty platform
No one wants to hold this market, but Goldman Sachs believes this is exactly the entry signal: three major rescues are about to return
Market sentiment has dropped to the lows last seen on “Parity Tariff Day” in April, but Goldman Sachs’s flow team believes that technical conditions in US equities are quietly shifting. The corporate buyback window will reopen on a large scale from the end of October to November, mutual fund year-end selling pressure will dissipate after Halloween, and historical seasonal buying from retail and foreign investors will take over. Buybacks, retail investors, and foreign capital will all return almost simultaneously.
Crypto prices
More
