#BounceBit What is BounceBit CeDeFi?
Despite the rapid development of DeFi in recent years, innovation in the industry has notably decreased. DeFi protocols frequently face security challenges, with regular attacks due to vulnerabilities, leading to substantial losses for users. For example, the hack of Radiant Capital resulted in over $50 million in losses. In this context, BounceBit emerges as a pioneer in the CeDeFi space, offering a solution that leverages decentralized blockchain ledgers and @CeffuGlobal technology for on-chain settlement, significantly improving transparency and security.

#SHIB Shiba Inu (SHIB) Loses 13% in 24 Hours: What's Going On?
With a 13% decline over the past 24 hours, Shiba Inu saw a sharp drop. This drop comes after a solid rally earlier in the week that saw SHIB break out of significant resistance levels and peak at $0.000033 before pulling back to $0.000029. Analysis of the price chart revealed that SHIB has just broken out of a bullish flag pattern.
It is unclear from the current correction whether this rally was sustainable or the product of overbought conditions. Due to SHIB's recent rise into overbought territory, the RSI indicates a cooling off period. With 73% of SHIB holders still in profit at the current price level, according to on-chain data, most investors are still making money despite the drop.
Furthermore, the rally and subsequent selling appear to have been significantly influenced by large holders (74% concentration). The past seven days have seen strong transaction volume above $100,000 with $1.63 billion in value exchanged, indicating that whales are actively participating. Going forward, a crucial support level is represented by the $0.000027 range.
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A rebound driven by increasing interest from institutional and retail investors may be imminent if SHIB holds this level. On the upside, SHIB must overcome resistance at $0.000033 and $0.000036 to maintain its uptrend. Even after the drop, SHIB continues to show robust network activity. There appears to be confidence in the asset’s fundamentals given the large percentage of long-term holders (77% holding it for over a year).
If selling pressure persists or the market as a whole deteriorates, the potential for further declines is impossible to overlook. SHIB correction may be a necessary stage of consolidation.