Shiba Inu Faces Bearish Sentiment Amid High On-Chain Activity and Whales Offloading Holdings

By: en coinotag|2025/05/06 14:15:01

The recent downturn in the Shiba Inu market highlights shifting investor sentiments, with bearish trends gaining traction amidst fluctuations in on-chain activities. Shiba Inu’s recent price action demonstrates a significant drop, slipping under critical support levels. Despite notable selling pressure from major holders, increased on-chain activity hints at potential accumulation. This article analyzes the current state of Shiba Inu, revealing insights into market dynamics and holder behaviors in the cryptocurrency landscape. Bearish Trends Emerge as Shiba Inu Struggles for Stability The cryptocurrency market is witnessing a **challenging phase for Shiba Inu (SHIB)**, as it recently traded below the critical mid-range level of $0.0000129. This downward movement has intensified bearish sentiments, suggesting that the memecoin is likely to face further pressure towards its range lows instead of rebounding towards higher resistance levels. Increased selling pressure, particularly from whale activity, has contributed to this bearish outlook. Source: SHIB/USDT on TradingView Examining Holder Behavior and Market Sentiment Despite reports of aggressive selling from whales, **on-chain metrics indicate a nuanced scenario**. For instance, the exchange net position has been negative since January, revealing a trend where more tokens are leaving exchanges, which often suggests accumulation rather than sell-off. This pattern can indicate a strategic shift among investors, moving SHIB to personal wallets for long-term retention. Source: Glassnode Shiba Inu’s Future: Accumulation or Continued Decline? Metrics from **Santiment reveal** that recent fluctuations in funding rates have sparked a wave of bearish sentiment. The funding rate dipped below zero, alongside a notable drop in Open Interest since April 26, indicating reduced bullish conviction among investors. Although early May saw a surge in active addresses, which typically signifies demand, this activity appears to have dwindled once again, underscoring the ongoing uncertainty in the market. Source: Santiment Conclusion In summary, Shiba Inu faces a critical juncture that necessitates careful analysis of market indicators and holder behavior. With the **recent bearish trends** coinciding with signs of on-chain accumulation, the future trajectory of SHIB will heavily depend on external market influences and internal investor sentiment. Observers will be keenly watching how these dynamics unfold, as they may offer pivotal insights into the potential recovery or further decline of this popular memecoin.

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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