SHIB saw its largest whale transfers since June, signaling large-holder repositioning.
Buy-side CVD, wedge breakout, and retest zone suggest momentum could continue upward.
Burn rate spike and positive funding support potential for the next price move.
Shiba Inu's SHIB recently recorded the biggest wave of whale transactions since June 6, signaling a shift in large-holder behavior. Over 406 whale transfers above $100,000 and more than 1.06 trillion SHIB moved on exchanges, showing clear repositioning. Despite heavy inflows, the price respected key structural zones, avoiding sharp sell-side pressure. Traders now focus on retest zones and volume trends. These signals may set the stage for the next leg of SHIB’s move.
https://twitter.com/i/status/1998188098312929541 Whale Activity and Price Structure
Whales often lead during periods of low volatility, and SHIB remains inside such a setup. The breakout from the falling wedge followed weeks of price compression, and the retest of the upper boundary now acts as a validation point. Price reacted repeatedly near $0.00000883, a level buyers are defending. Daily MACD tilts upward while the histogram pulls away from prior flattening, signaling potential for clearer upside. Short-term momentum favors continuation if buyers maintain the retest zone.
Taker Buy CVD highlights persistent buy-side strength. Over the last 90 days, buyers absorbed dips and prevented deeper declines. This behavior forms a solid short-term base and signals accumulation rather than rotation. When combined with whale transactions, these metrics show large traders gradually increasing exposure. The CVD trend indicates directional bias, suggesting that momentum could extend if support levels hold. Traders now see the retest zone as a critical reference for entering positions.
Burn Rate, Funding, and Next Moves
SHIB’s burn rate surged over 1,244% in 24 hours, significantly reducing circulating supply. Rapid burns can tighten supply during rising demand and complement strong whale activity and buy-side CVD. This combination reinforces a scarcity-driven narrative while the price maintains a bullish structure. Short-term responsiveness improves when supply drops, giving bulls added confidence during consolidation phases.
Funding rates also flipped positive, reflecting growing conviction among long traders. Open interest-weighted funding climbed while SHIB remained above the breakout line. Liquidation heatmap clusters near $0.0000084 and $0.00000886 highlight key levels where volatility could appear. Positive funding alignment between spot and derivatives markets supports the current bullish case. Traders are closely watching whether buyers continue to defend the retest zone, which could determine SHIB’s next leg.
Overall, SHIB shows strong structural support through whale activity, a wedge breakout, buy-side CVD, a sharp burn spike, and positive funding. These combined factors create a robust foundation for potential continuation. While long-term gains depend on broader trend sustainability, short-term momentum appears intact. Traders should monitor the retest zone carefully, as defending this area may confirm a move higher. SHIB stands ready for its next price action if buyers maintain control.
