Shiba Inu's value has plummeted amid a wave of fear within the cryptocurrency market, causing the crypto fear and greed index to drop below 38, its lowest point since November 2023.

在加密貨幣市場的恐慌浪潮中，柴犬的價值暴跌，導致加密貨幣恐懼和貪婪指數跌至 38 以下，為 2023 年 11 月以來的最低點。

SHIB has experienced a three-day decline, reaching $0.00001271, its lowest level since March 1st. This decline has been significantly greater than that of major cryptocurrencies such as Bitcoin and Ethereum.

SHIB經歷了三天的下跌，跌至0.00001271美元，為3月1日以來的最低水平。這一跌幅明顯大於比特幣和以太幣等主要加密貨幣。

The crypto industry's current fear sentiment has contributed to Shiba Inu's price drop. An influx of Bitcoin into exchanges has been observed, with institutions such as Mt. Gox and Bitcoin mining companies moving coins to these platforms.

加密產業當前的恐懼情緒導致了柴犬價格的下跌。人們觀察到比特幣大量湧入交易所，Mt. Gox 和比特幣礦業公司等機構將比特幣轉移到這些平台。

Furthermore, spot Bitcoin ETFs have experienced a continuous decline in assets, with data indicating that 11 funds currently hold 865,947 coins, valued at nearly $50 billion.

此外，現貨比特幣ETF資產持續下滑，數據顯示，目前11檔基金持有865,947枚比特幣，價值近500億美元。

Signs suggest that the Federal Reserve may maintain elevated interest rates for an extended period, following positive inflation and non-farm payrolls (NFP) data released on Friday. The NFP report revealed a job creation of 206k in June, surpassing the forecasted 191k.

有跡象表明，繼週五公佈積極的通膨和非農就業數據後，聯準會可能會在較長一段時間內維持高利率。 NFP 報告顯示 6 月創造了 20.6 萬就業崗位，超過了預期的 19.1 萬就業崗位。

Shiba Inu's weak fundamentals have also played a role in its price decline. Recent statistics reveal a waning demand, with newer meme coins like Pepe and Dogwifhat surpassing SHIB in terms of trading volume.

柴犬基本面疲軟也是其價格下跌的原因之一。最近的統計數據顯示需求正在減弱，Pepe 和 Dogwifhat 等新的 meme 代幣的交易量超過了 SHIB。

The Shibarium network's total value locked (TVL) has fallen from a peak of $4 million to $1.35 million year-to-date. Key dApps within Shibarium have suffered significant TVL reductions, with WoofSwap, ChewySwap, Marswap, and DogSwap all experiencing declines of over 40% in the past month.

Shibarium 網路的總鎖定價值 (TVL) 已從年初至今的 400 萬美元高峰下降至 135 萬美元。 Shibarium 內的主要 dApp 的 TVL 大幅下降，其中 WoofSwap、ChewySwap、Marswap 和 DogSwap 在過去一個月中都下降了 40% 以上。

ShibaSwap's assets have also decreased, falling to $18.4 million from a peak of nearly $2 billion in 2021.

ShibaSwap 的資產也有所減少，從 2021 年近 20 億美元的高峰跌至 1,840 萬美元。

Technical indicators suggest further weakness for Shiba Inu. The chart trend indicates the potential formation of a death cross pattern, where the 50-day and 200-day Exponential Moving Averages (EMA) intersect. If this pattern materializes, it could lead to a decline in SHIB's price to $0.0000085, its lowest point this year.

技術指標顯示柴犬進一步走軟。圖表趨勢顯示可能形成死亡交叉模式，其中 50 天和 200 天指數移動平均線 (EMA) 相交。如果這種模式成為現實，可能會導致 SHIB 的價格跌至 0.0000085 美元，這是今年的最低點。