65,900,000,000 Shiba Inu (SHIB) Bite the Dust: No One Wants Zero Added

65,900,000,000 Shiba Inu (SHIB) Bite the Dust: No One Wants Zero Added

Source: UToday

Published:12:19 UTC

BTC Price:$109276

#SHIB #Bearish #Crypto

Analysis

Price Impact

High

Despite billions of shib tokens exiting circulation through burns and withdrawals, there's a devastating lack of demand, plummeting trading volume, and declining investor participation, indicating eroding investor confidence and a high risk of the price dropping another zero.

Trustworthiness

High

The analysis is backed by on-chain data from cryptoquant (negative netflows), technical indicators (200-day moving average, rsi around 40, descending channel), and specific price levels.

Price Direction

Bearish

Shib is trapped in a descending channel, trading below its 200-day moving average, and the rsi indicates weakness. a lack of demand and disinterest, rather than accumulation, is driving large outflows. the price is perilously close to $0.0000101, with a high risk of dropping to $0.000008 if the $0.0000095 support breaks, adding another zero.

Time Effect

Short

The article explicitly states a 'short-term outlook is bleak' and discusses immediate risks of price drops and adding another zero in the near future.

Original Article:

Article Content:

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News As billions of tokens exit the market, Shiba Inu continues to suffer from a devastating lack of demand, indicating eroding investor confidence and possibly continuing its downward trend. Whether through burns or withdrawals, more than 65.9 billion SHIB tokens have been taken out of circulation; however, this purging of the supply does not appear to be igniting bullish enthusiasm. Rather, the asset’s price is still perilously close to dropping by another zero. Advertisement Shiba Inu netflows SHIB’s exchange netflows have been extremely negative lately, with over 11.7 trillion SHIB leaving exchanges on Oct. 30 alone, according to data from CryptoQuant . Large outflows are typically seen as an indication of accumulation or long-term holding, but there is a different context in the case of SHIB. Trading volume has plummeted, and investor participation is still declining, suggesting that this outflow may be due to disinterest rather than accumulation; traders are just not showing up. SHIB/USDT Chart by TradingView The 200-day moving average and several levels of resistance above it are pressing down on SHIB, which is still trapped inside a wide descending channel on the daily chart. As of right now, the token is trading close to $0.0000101, showing no obvious signs of reversal. The RSI’s continued hovering around the 40 zone indicates a lack of momentum and ongoing weakness. HOT Stories Morning Crypto Report: Elon Musk's SpaceX Resumes Strange Bitcoin Activity, XRP Ticker Debuts on Nasdaq, US-China Talks Trigger $824,470,000 Crypto Liquidations XRP ETF Flows Will Exceed What People Are Expecting, Analyst Predicts XRP-Based Loans to Launch in December, Ethereum to $5,000, Western Union to Introduce Solana-Based Stablecoin — Crypto News Digest Crypto Market Prediction: Ethereum's (ETH) Goodbye to $4,000? Shiba Inu (SHIB) Adding Another Zero? Is $115,000 Unbreakable for Bitcoin (BTC)? You Might Also Like Thu, 10/30/2025 - 00:03 XRP-Based Loans to Launch in December, Ethereum to $5,000, Western Union to Introduce Solana-Based Stablecoin — Crypto News Digest By Dan Burgin Advertisement Essentially, the market is sending a clear message: if another zero is added, nobody wants to be the one holding SHIB. The short-term outlook is bleak due to the token’s incapacity to draw consistent inflows and a persistent downward trend. SHIB may rapidly drop toward $0.000008 if the rising support line around $0.0000095 breaks, thereby confirming another zero addition and completing its decline. As of right now, demand is nonexistent despite severe burns and dwindling supply, and without it, Shiba Inus are merely a shadow of their once-excited selves. #Shiba Inu #SHIB