Moving with the whole market
The total crypto market is −2.3% in 24 hours. SHIB is −3.3%, about the same, so this looks like a market-wide move rather than something specific to Shiba Inu.
Why is the crypto market moving? →
why / shib
Why is Shiba Inu down today?
Shiba Inu (SHIB) is down 3.3% in the last 24 hours, trading at $0.00000468. The whole crypto market is −2.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −2.4% today.
SHIB 24h−3.29%
Whole market 24h−2.31%
Bitcoin 24h−2.43%
Link to BTC (30d)0.89
Volume vs normal2.2×
Meme sector−3.35%
signals
What is moving Shiba Inu
Strongest signals first.
Follows Bitcoin closely
Over the last 30 days, SHIB's daily moves had a 0.89 correlation with Bitcoin (1 means identical direction). It usually follows Bitcoin, which is −2.4% today.
Bitcoin price →Trading volume is 2.2× normal
At today's pace, SHIB trades about 2.2 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.
The Meme sector is down
Shiba Inu is part of the Meme sector, which is −3.3% today. SHIB is moving with its sector.
Meme sector →Weak month
SHIB is −7.5% this week and −18% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SHIB positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Shiba Inu
faq
Questions
Why is Shiba Inu down today?
Shiba Inu (SHIB) is down 3.3% in the last 24 hours, trading at $0.00000468. The whole crypto market is −2.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −2.4% today.
Will Shiba Inu go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SHIB is −7.48% over 7 days and −18.47% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SHIB's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.