🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Analysis: SHIB surged and then fell back, Whale reducing position pressures the short-term market.
PANews May 21 news, according to CoinDesk, the price of Shiba Inu (SHIB) rose 16% this month but quickly fell back to $0.00001457 after reaching $0.00001492. Despite a 24-hour burn rate skyrocketing by 106,040%, on-chain data shows that Whale net outflows have decreased by 311%, and active addresses have dropped by 68% since last December. The current range of $0.000014–$0.000015 has become a key support resistance zone, and the technical outlook remains in a downward channel, with a short-term rebound likely facing significant breakeven selling pressure.