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Shiba Inu (SHIB) rose 2.86% over the past 24 hours after a volatile week. Over the past week, SHIB fell 8.36%, trading near $0.00000866 and remaining below recent recovery levels as on-chain profitability signals weakened.
Moreover, traders watched on-chain profitability and exchange flow metrics during the move. Those indicators can shape short-term supply by tracking investor cost bases and token placement. They also help explain how holders respond when the price turns.
Profitability estimates showed a steep contraction in the amount of SHIB held above cost basis. Data cited in market commentary indicated that about 140 trillion SHIB sat in profit at the start of 2025. That figure fell to around 57 trillion SHIB within one week.
The decline reduced the share of holders with room to sell without losses. It also increased the share of tokens held at a loss. That shift can affect market behavior, since some investors reduce exposure during drawdowns. Others wait for rebounds to exit closer to break-even levels.
SHIB’s reversal followed a failed attempt to sustain December’s rally. The token briefly traded near $0.00001000 on December 5, then price momentum weakened. After that peak, the market moved into a lower range as selling pressure increased.
Exchange flow indicators showed persistent inflows during the decline. Net position readings displayed repeated positive bars, which signaled that more tokens moved onto exchanges. Traders often track this trend because exchange balances can rise before higher spot selling activity.
Market data also referenced large token transfers, including a reported 82 trillion SHIB moved to exchanges. Deposits do not confirm sales, since holders can transfer tokens for many reasons. Even so, an exchange placement reduces friction in selling and can increase near-term downside sensitivity.
Derivatives positioning suggested a more cautious stance. Open interest expanded during earlier rallies, then fell during pullbacks. Recent levels stabilized near the $100 million area, which indicated balanced risk exposure rather than aggressive leverage.
SHIB traded near a closely watched support area around $0.00000836, which aligned with the 50-day exponential moving average in some models. A break below that zone could shift attention to $0.00000786 as the next support reference.
Short-term charts also highlighted a support band between $0.00000856 and $0.00000853. A deeper technical marker sat near $0.00000807, linked to a Fibonacci retracement level. If SHIB drops below $0.00000807, traders may monitor $0.00000759 and $0.00000682 as lower reference points.
Resistance remains defined above the current price. Analysts cited $0.00000874–$0.00000883 as an initial overhead zone. A move above that area could bring $0.00000938 into view, followed by $0.00001008 as the prior local peak.
