Nishidajima prices are under pressure this year. Tokens are down almost 12% on the annual chart, but many other major assets are green. Over the past 30 days, Shiv has dropped by 18.1%, and has slipped by an additional 6% over the past week. At press time, SHIB trades nearly $0.0000123.
One big question is whether large holders (often called whales) are showing confidence or are they retreating? The data suggest the latter, potentially putting key levels at risk.
Whale drops Shibu Holding
Wallets ranging between 100 million and 1 billion shib have reduced bags. On July 21, they held 17.72 trillion Siv. By July 28th, it had fallen to 17.63 trillion S.C. Even that small cut had caused Shib’s prices to fall from $0.000014 to $0.000012 (down 14.29%) to $0.000012 (14.29%) by August 2nd.
This has made the drop bigger. As of August 21, these wallets have further reduced their holdings to S17.33 trillion. That’s about 300 billion Siv, and it’s a $3.7 million load. As Shiv already tends to be weaker, this drop suggests that tokens may face deeper corrections if sales continue.
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The heat map shows accumulation and risk zones
Cost-based delivery heatmap from GlassNode shows that SHIB has a strong accumulation. Approximately 19.99 trillion Siv is stacked at around $0.00001,212, making it a heavy support zone. The area has already eased prices during the dip on August 19th.
The advantage is that Shiv, which has around 11.83 billion, is $0.00001,269, serving as a resistance. Shiv has not been able to move beyond this range in recent weeks.
If the whales cut their positions, if they fall below the $0.00001211 support, it could cause another wave of sales, just like previous pullbacks. Heatmap strengthens the buildings of pressure at these levels.
Cost-based heatmap shows the price levels where the maximum share of tokens was originally accumulated and can help identify strong holder support or potential sales pressure zones when those levels are being tested.
Shiba Inu price chart check range
Daily Shiba Inu price charts reflect the heat map. Shib is close to $0.00001237, just above the $0.00001203 support, and is close to heatmap-specific support. If this broke, the next level to watch was $0.00001100 and even $0.00001000, which marked the July lows.
Meanwhile, collecting $0.00001271 (closer to HeatMap’s $0.00001265) reduces your bearish outlook. A strong breakout there (the full candle is broken) could send the price of SHIB to $0.00001400-0.00001500, which requires whale demand to be returned, which is still invisible.
Post 300 billion dumps featured Shivai-in prices on the edge of the range.
