Whales Play Tug of War with Shiba Inu—Who Will Win?

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Whales Play Tug of War with Shiba Inu—Who Will Win?

  • SHIB plunged over 7.5% in just a day, teetering dangerously close to the $0.00001240 support line—markets are as volatile as a cat on a hot tin roof! 🐱🔥
  • CoinGlass shows a whopping $942K in short positions near $0.00001306—more bets than at a dog show, while long liquidations are playing hide-and-seek.

Ah, the tale of the memecoin: a dance with disaster, a flirtation with a 20% collapse, flashing a bearish warning like a neon sign in a desert. But wait! The whales—those mysterious, billion-dollar giants—are showing up in style, as if they’re saying, “Hold my fish, I’ve got this!”

Whales’ participation skyrockets—what’s their secret? 🎩🐋

IntoTheBlock reports that whale transactions between $100K–$1M surged a staggering 175.86% in just 24 hours. Meanwhile, the $10K–$100K club isn’t far behind, jumping 147.79%. It’s as if they’re saying, “Hey, retail peons, step aside!”

Meanwhile, the retail herd, those tiny fish with their tiny transactions, are bailing out—down 69.62% and 21.10% in smaller brackets. Retail is reticent, whales are buying the dip, and the market just shrugs. Typical, isn’t it? 🤷‍♂️

This frenzy of whale activity? It’s happening just as the memecoin sinks lower. Because nothing screams ‘smart money’ like scooping up crumbs while everyone else panics and runs for the hills.

At this moment, SHIB is lingering near $0.0000124, down more than 7.50% in a day—panic selling has become the new sport, and traders are doing the limbo of fear, lowering their volume by 10%. Cheers to the eternal dance of greed and fear! 🍻

Technical tarot or just market madness?

According to AMBCrypto’s crystal ball, if SHIB closes below $0.00001240, expect another slide—perhaps another 18%, like a bad sequel no one asked for. The charts don’t lie; they just quietly whisper doom.

But don’t despair entirely! If SHIB manages to cling above that elusive line, history suggests it might bounce back an 18%, a pat on the back for those still holding their nerve—or perhaps just stubbornly refusing to let go.

Insight into the trend? SHIB has slipped below the 200 EMA—like a sad clown at the carnival—evidence of its downward spiral. No confetti here, only a somber cloud of doubt.

Short sellers’ playground and market chaos 🎭

Traders are piling on short bets—because who doesn’t love a good gamble? CoinGlass tells us short positions near $0.00001306 have racked up $942K in liquidations, overshadowing the $612K long liquidations. It’s like a giant game of chicken—and the chickens are chickensh*ts.

If the price keeps slipping, the short squeeze could snowball—more selling, more chaos, a merry-go-round of doom. The market’s mood? As bleak as a winter’s night, and just as cold.

So while the whales sit fat and happy, the retail masses drown in their own panic. The forecast? Grim but (perhaps) fitting for this chaotic creature called SHIB. Buckle up, the dog race isn’t over yet! 🐕💥

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2025-06-01 04:10