🔥 Shiba Inu Profits Crash By 62% Following $SHIB Price Crash This Week

Shiba Inu price has weakened sharply over the past week, erasing a large portion of recent gains and pressuring investor confidence. SHIB fell after a brief rally earlier this month, shifting sentiment from accumulation to selling.

As losses mounted, many holders moved to lock in remaining value, accelerating the downturn.

🔸 Shiba Inu Profits Fall

On-chain data shows how quickly conditions deteriorated. At the start of the year, nearly 140 trillion SHIB were in profit. That figure reflected optimism following December’s price spike and renewed retail participation.

The momentum did not last. Within a week, the supply in profit dropped by 62%. Currently, only about 57 trillion SHIB remain profitable. This rapid contraction illustrates how quickly gains vanished as the price reversed.

Falling profitability often alters behavior. As fewer holders sit in profit, selling pressure tends to rise.

Macro indicators confirm a shift toward distribution. Exchange net position change data shows consistent green bars, signaling increased inflows to exchanges. This pattern suggests accumulation has ended and selling has taken over.

As the SHIB price declined, exchange balances grew. Rising balances often precede further weakness, as tokens move closer to liquidation. This trend indicates holders are preparing to sell rather than wait for recovery.

Selling pressure combined with declining profits creates a negative feedback loop. Losses encourage exits, and exits weigh further on price. Without renewed demand, this structure leaves Shiba Inu vulnerable to continued downside.

🔸 SHIB Price Is Holding Above Support

Shiba Inu trades near $0.00000857 at the time of writing, holding just above the $0.00000836 support. The meme coin lost 9.6% over the past week. Earlier, SHIB briefly touched $0.00001000 during an intraday spike on December 5.

#SHIB | #Shibainu
{spot}(SHIBUSDT)