Shocking! In the economic winter, Shiba Inu coin encounters a turning point, and whale movements reveal future trends!

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Shiba Inu [SHIB] has been in a period of increased volatility, with its price falling from recent highs, and on-chain indicators reflecting mixed signals.

Despite the bearish sentiment in the short term, the accumulation by whales and the potential bottoming phase have become key themes. As token trading approaches critical support levels, market participants are closely watching for signs of a reversal.

According to Santiment chart analysis, the market value to realized value ratio (MVRV) of Shiba Inu over the past 30 days has plummeted to -19.43%.

The current level indicates that most recent holders are at a loss. Historically, such a deep MVRV ratio marks an accumulation phase, as holders are less likely to sell at a loss, thereby reducing overall selling pressure.

This trend suggests that SHIB is approaching a potential local bottom. If the MVRV begins to rise, it may signal the arrival of an accumulation phase, laying the foundation for future price rebounds.

The convergence of technical and on-chain indicators suggests that Shiba Inu is in an accumulation phase. The reduced selling pressure highlighted by the MVRV ratio indicates limited downside risk, while the accumulation by whales reflects confidence in SHIB's long-term potential.

The support level at $0.00002000 provides a stable foundation, and a breakout above $0.00002542 may signal the beginning of a recovery.

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