In cryptocurrency markets, extreme fear and low prices often create buying opportunities rather than market endings, as historical patterns show that assets reaching rock-bottom levels frequently rally significantly afterward; investors should distinguish between emotional fear-driven selling and genuine market fundamentals when making investment decisions.
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Shiba Inu Coin | Is This The End For SHIB?Added:
Now, this is honestly been one of the worst losing streaks for Shiba Inu coin in a very long time.
Guys, you remember just a couple of months ago, right? We were sitting sideways. Everybody was bored with the stagnation. We were traveling between like 550 and 600 points per coin.
And now it has been nothing but losses.
Straight losses for like the last 2 and 1/2, 3 weeks. After bouncing off 670 points per coin, SHIB is now down to 530 points per coin at the absolute floor. Now, that doesn't mean that it can't go lower, right? But the absolute floor means that this is the lowest price Shiba Inu coin has been since making a name for itself in 2021. This is the rock bottom. And with that, we're starting to see some very bearish articles.
Now, do I believe that SHIB Inu coin is over? I have seen so many stinking cryptocurrencies bounce back from the so-called dead, rallying 20, 30x, that I don't believe any cryptocurrency is over or meeting an end.
But look at that here.
Shiba Inu coin open interest crashes 30%. Burns grinding to a halt.
Is this the end?
This is the narrative that they will now feed you as the bottom is potentially in, hoping that they can take your crypto. Let's talk about it all. If it sounds like something you're interested in, let's get started. What's up, everybody? I'm Clay, and I do want to say thank you guys for watching the video. Thank you for subscribing to the channel, and thank you for understanding that YouTube is now run by AI. Well, it is allowing general discussions about crypto, NFTs, and other digital assets.
That's all that this video is. It's not a promise, promotion, suggestion, recommendation, or guarantee. Just you and I going over the market, going over the price action, and of course focusing in on the news.
Now, let's take a look at the price action real quick and Shiba Inu coin is bearish, right? There's no denying that this is a very bearish graph here, short-term and long-term. Right? You look at the Shiba Inu coin, it is below the moving averages, it is falling, it is producing red candles, and it is doing so in a market that is shrouded in fear.
32 fear? 31 fear?
I mean, this is absolutely insane how emotional retail investors are and Bitcoin is still at 73,000. You know, Ethereum still at $2,000.
This is the bear market and potentially the bear market bottom.
Guys, we didn't even see this much fear in 2018-2019.
There wasn't even this much fear when the coronavirus was, you know, running rampant across the earth and they imprison you in your own home. There wasn't even this much fear when FTX and world-renowned cryptocurrency exchanges were collapsing.
The fear that we're seeing right now does not make sense.
The industry is growing.
Governments and institutions are accumulating.
But they are telling you that there's going to be some sort of a World War III, that the world is going to end, and you should not accumulate, you should sell everything that you have.
And so many people are falling victim to that.
And I can see it here in the headlines surrounding Shiba Inu coin.
Planting little seeds of doubt and fear.
Is this the end?
Well, sure.
This could be the end of the decline.
This This be the end of the downfall.
This could be the end of the red days.
Shiba Inu coin has bounced off this level before.
And every time that it has, it has rallied much, much higher. Take a look.
Shiba Inu coin, 500 points per coin, rallies back beautifully to near 1,000 points per coin. Shiba Inu coin, 500 points per coin, rallies back to 4,500 points per coin. Shiba Inu coin, 500 points per coin, rallies to an all-time high of 8,800 points per coin.
You see, it is bear market territory. It is rock-bottom pricing. And you can view that in two ways.
One, this is the cheapest anyone has ever been able to accumulate Shiba Inu coin for.
And every time that it's hit this level, it is produced fantastic, remarkable gains for those that were willing to buy.
Or you can view it in a negative light.
Shiba Inu coin is at the bottom.
Shiba Inu coin stands no chance. Shiba Inu coin truly may be reaching its end.
Now, the the AI overview of this article says that Shiba Inu coin's derivatives and on-chain metrics point to deepening weakness, which I agree. The technicals are bad right now.
Open interest is crashed by more than 30% falling from 49 million on May 27th to about 46 million.
Uh a further 5 and 1/2% drop. Futures flows plunged 190% with 5.6 million of outflows. Roughly 156 billion SHIB closed from futures and centralized exchange positions. The token's price is down 14% over the last 30 days and 63% already on the year. It says, "While burning activity collapsed, just $2 Burned on May 26th, about $11 in the last 24 hours, and under $100 in the last week. And you know, when you think about that, in the fact that there's over a million people that hold and believe in Shiba Inu coin, those numbers are drastically low.
I mean, it is crazy to think how low those burn numbers are.
Especially when right now, you can burn 15 times as much as you could back in 2021 for the same price.
Signaling lower trading activity, reduced network engagement, and weakening adoption across the crypto and meme coin market. Now, I do agree with that last statement there. Weakening adoption across crypto and meme coin markets. Guys, for some reason, okay?
I I don't know, and maybe somebody watching this video right now can really help me to understand, because I believe and I feel the emotion, right? I feel I feel the fear, I feel all of that, I feel the I don't know, not depression, but like disdain towards the market right now. I feel all of the negativity no different than you guys do. And maybe it's because I you know, continued mining through 2017, 2018's crash, continued accumulating following 2021 into the 2022 crash.
So, you know, maybe it's because I've been through these downturns and these bear markets before that it's easier to ignore all of the uh the feelings and the emotions and just continue buying. But, I truly believe that this market is going to rise, and I truly believe sentiment will be greedy once again, and I truly believe that prices will go up.
Okay? So, I do believe that that helps me I guess continue buying there.
But why are people so unwilling to buy things when they're on sale or when they're down or when they have a potential 10x on their hands?
Why do they always want to buy them when it's hitting a new all-time high?
And the only thing that I can think of is it because it is an emotional decision. You are happy and greedy and willing to buy when things are doing well.
You're scared and and unwilling to buy when things are doing poorly. And it doesn't matter if you can get 10 times as much when prices are down you'd rather have 10% when prices are up.
So, help me figure that out a little bit. The market is trying to bounce back which is a good sign. And if you guys are interested in accumulating here I do so in a few places on the blockchain through wallets like Best Wallet and on centralized exchanges like the KCS exchange. Today could be the day, man.
We might get a little green candle, finally bounce off this bottom. And I've got four trading bots running on BitUniverse here each of them making Gold is doing worse than the other ones, but the the other three cryptocurrencies are are making about 55% annualized at the moment. And I don't even have to touch them. It's just bots trading 24 hours a day. Get links for everything down in the description. Let me know what you think, and until the next time, hope to each and every one of you have an awesome day.
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