Shiba Inu faces intensified selling pressure as major holders, or whales, have offloaded over 32 billion SHIB tokens since January 20, 2026. This activity has increased downward momentum, with the meme coin’s price declining and key metrics like futures open interest falling sharply, indicating waning market interest and a bearish outlook.
Bearish sentiment around **Shiba Inu** [SHIB] is intensifying as whales and large holders continue to offload their positions. This selling activity mirrors broader market trends and raises the likelihood that SHIB could extend its decline.
Data from Santiment shows that whales holding between 100,000 and 100 million SHIB have sold a combined 32.17 billion tokens since January 20. This heavy selling has increased selling pressure and reinforced the meme coin’s downside move.
According to the derivatives analytics platform CoinGlass, SHIB’s Futures Open Interest has continued to decline from approximately $145.6 million on January 6 to about $96.7 million. This significant drop highlights waning market participant interest in the meme coin, further strengthening the bearish outlook.
At press time, SHIB declined by 3.50% and was trading at the $0.00000755 level. Market participation surged, with trading volume jumping 16% to $105.88 million, which typically signals strong conviction among sellers.
Based on current price action, if SHIB fails to hold its key support level of $0.00000756, it could see another price drop of 6.50%. This would potentially bring the asset down to the $0.0000070 level.
CoinGlass also reveals that intraday traders are closely following the current trend. The SHIB Exchange Liquidation Map shows traders are heavily over-leveraged at $0.00000743 on the downside and $0.00000796 on the upside, indicating a bearish outlook for the memecoin.
