Bitcoin News Today: Shiba Inu SHIB Falls 5.11% as Whale Activity and Weak Volume Spark Stability Concerns

Shiba Inu (SHIB) has recently drawn attention due to unusual whale activity and significant token inflows, raising concerns about its price stability. Whale movements are often seen as key indicators of market sentiment, and recent data suggests a surge in large-scale transactions. On August 1, over 425 billion SHIB tokens were moved, initially signaling bullish potential. However, the subsequent price movement was not in line with these expectations, as SHIB experienced a sharp decline by August 4, raising questions about the reliability of whale-driven signals in the short term [1].

The market is currently in a state of uncertainty, with SHIB’s price hovering near critical support levels. The token is attempting to hold around $0.0000129, with a stronger support level at $0.00001107. Analysts have highlighted that if selling pressure continues, further declines are likely. Resistance remains at $0.0000135, and whether SHIB can break through this level will be a key factor in determining its near-term direction [1].

Whale activity has also shown signs of volatility over the past month. Data from July 25 revealed a 1,000% surge in whale outflows, with over 645 billion tokens leaving the network. Despite this, the price remained relatively stable during that period, suggesting a potential disconnect between whale behavior and immediate price reactions [2]. However, the situation changed in early August 2025 when SHIB faced a significant correction, dropping roughly 21% over 10 days. Analysts attribute this correction to increased selling pressure from large holders [2].

The recent decline is further emphasized by SHIB’s Bollinger Bands, which have contracted to their tightest level since February 2024, following a 13% weekly drop [3]. This contraction is often seen as a precursor to potential price breakouts or breakdowns. Additionally, SHIB’s 24-hour trading volume has decreased by 31.07%, currently standing at $141.01 million [4]. This reduction in volume suggests a period of consolidation, with market participants possibly reassessing their positions.

While SHIB has maintained a 5.3% weekly surge as of August 7, 2025, it has also dropped 5.11% over the past seven days, reflecting mixed short-term sentiment. Some analysts have suggested a potential accumulation zone for the token, indicating that further declines into this range could present buying opportunities [2]. The broader market remains dominated by Bitcoin, with the Altcoin Season Index at 36 on a scale of 100, signaling a Bitcoin-dominant environment. Despite not experiencing the same level of growth as Bitcoin, SHIB continues to draw investor attention due to its whale activity and recent inflows [2].

Market participants are closely monitoring whether SHIB can stabilize and regain upward momentum or if further corrections are on the horizon. The combination of whale activity, price volatility, and key technical levels makes SHIB a focal point in the ongoing discussions about altcoin performance and investor behavior.

Sources:

[1] Whale Activity Raises Questions About Shiba Inu’s (SHIB) Price Stability Amid Recent Inflows (https://en.coinotag.com/whale-activity-raises-questions-about-shiba-inus-shib-price-stability-amid-recent-inflows/)

[2] Whales Market (WHALES) price Prediction (https://www.bitget.com/price/whales-market/price-prediction)

[3] Shiba Inu's Bollinger Bands Tightest Since February 2024 After 13% Weekly Drop (https://www.coinglass.com/newsflash)

[4] Coinspeaker's Profile (https://www.binance.com/en/square/profile/coinspeaker)