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Almost Half of Shiba Inu (SHIB) Holders Are Not in Profit
U.Today reports that the sentiment towards Shiba Inu (SHIB) has turned bearish, as the market’s current state and investor psychology are not supportive of a short-term rebound. The recent price action of SHIB suggests that bulls are struggling to regain momentum.
The data reveals that almost half of all SHIB holders are not in profit. This is a concerning sign for investors who have yet to see any significant gains from their investment. It highlights the need for increased awareness and caution, as the market’s current trends may not be suitable for short-term speculation.
Unfortunately, it seems that there isn’t enough bullish sentiment to push SHIB prices higher anytime soon.
Source: u.today
