Cover image via U.Today

封面圖片來自 U.Today

Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant price drop in the last 24 hours, shedding nearly 15% of its value. At the time of writing, SHIB had trimmed some of its intraday losses and was down 10.36% in the last 24 hours to $0.00002097.

以狗為主題的加密貨幣柴犬（SHIB）在過去 24 小時內經歷了大幅價格下跌，價值縮水了近 15%。截至撰寫本文時，SHIB 已收復部分盤中跌幅，並在過去 24 小時內下跌 10.36%，至 0.00002097 美元。

On-chain data suggests that the actions of short-term traders may have precipitated the SHIB price downturn. In this regard, IntoTheBlock's holding time of transacted coins indicator seems to offer a clue to Shiba Inu's current investor sentiment.

鏈上數據表明，短期交易者的行為可能加速了 SHIB 價格的下跌。在這方面，IntoTheBlock 的交易幣持有時間指標似乎為 Shiba Inu 當前的投資者情緒提供了線索。

The holding time of transacted coins indicator often provides powerful insights into the level of investor confidence and market sentiment.

交易代幣持有時間指標通常可以提供有關投資者信心水平和市場情緒的有力見解。

For SHIB, the holding time of transacted coins stays low, between two weeks and one month, suggesting investors are now more focused on short-term gains.

對於SHIB來說，交易代幣的持有時間保持在兩週到一個月之間的較低水平，這表明投資者現在更關注短期收益。

On April 30, when the SHIB price dropped considerably, the average time held of coins transacted was one month, indicating activity from short-term traders who had bought at the peak of Shiba Inu's rally in March. SHIB/USD Daily Chart, Courtesy: TradingView
Shiba Inu rapidly surged to highs of $0.000045 in early March, which was followed by profit-taking. As buying pressure remained on the market, Shiba Inu managed to pan out highs of $0.00003285 on March 28 before steadily declining in the weeks that followed.

4 月 30 日，當 SHIB 價格大​​幅下跌時，交易的代幣平均持有時間為 1 個月，這表明在 3 月份柴犬上漲高峰時買入的短期交易者的活動。 SHIB/USD 日線圖，提供：TradingViewShiba Inu 在 3 月初迅速飆升至 0.000045 美元的高位，隨後出現獲利了結。由於市場上的購買壓力仍然存在，柴犬在 3 月 28 日成功觸及 0.00003285 美元的高點，然後在接下來的幾週內穩步下跌。

While the influence of short-term traders remains, it might be essential to consider the broader market context.

儘管短期交易者的影響仍然存在，但考慮更廣泛的市場背景可能是必要的。

The entire cryptocurrency market, driven by Bitcoin, is experiencing substantial losses. Bitcoin fell over 9% on Wednesday, posting its worst monthly performance in April since late 2022, as investors withdrew money from cryptocurrencies ahead of the Federal Reserve's interest rate decision later today.

在比特幣的推動下，整個加密貨幣市場正遭受巨大損失。比特幣週三下跌超過 9%，創下 2022 年底以來 4 月最糟糕的月度表現，因為投資者在美聯儲今天晚些時候做出利率決定之前從加密貨幣中撤資。

However, the good news is that Shiba Inu appears to be forming a bull flag on the daily chart. According to crypto analyst Ali, validating this pattern might trigger fresh highs for the Shiba Inu price.

然而，好消息是柴犬似乎正在日線圖上形成牛市旗形。根據加密貨幣分析師阿里的說法，驗證這種模式可能會引發柴犬價格的新高。

A price rebound from about $0.000018343 might lead to a bullish breakout, sending SHIB prices to highs of $0.000072323.

價格從 0.000018343 美元左右反彈可能會導致看漲突破，將 SHIB 價格推至 0.000072323 美元的高點。