Cover image via U.Today

封面图片来自 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.

以狗为主题的加密货币柴犬（SHIB）在过去 24 小时内经历了大幅价格下跌，价值缩水了近 15%。截至撰写本文时，SHIB 已收复部分盘中跌幅，并在过去 24 小时内下跌 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.

链上数据表明，短期交易者的行为可能加速了 SHIB 价格的下跌。在这方面，IntoTheBlock 的交易币持有时间指标似乎为 Shiba Inu 当前的投资者情绪提供了线索。

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

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

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.

对于SHIB来说，交易代币的持有时间保持在两周到一个月之间的较低水平，这表明投资者现在更关注短期收益。

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，当 SHIB 价格大幅下跌时，交易的代币平均持有时间为 1 个月，这表明在 3 月份柴犬上涨高峰时买入的短期交易者的活动。 SHIB/USD 日线图，提供：TradingViewShiba Inu 在 3 月初迅速飙升至 0.000045 美元的高位，随后出现获利了结。由于市场上的购买压力仍然存在，柴犬在 3 月 28 日成功触及 0.00003285 美元的高点，然后在接下来的几周内稳步下跌。

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

尽管短期交易者的影响仍然存在，但考虑更广泛的市场背景可能是必要的。

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.

在比特币的推动下，整个加密货币市场正在遭受巨大损失。比特币周三下跌超过 9%，创下 2022 年底以来 4 月份最糟糕的月度表现，原因是投资者在美联储今天晚些时候做出利率决定之前从加密货币中撤资。

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线图上形成牛市旗形。根据加密货币分析师阿里的说法，验证这种模式可能会引发柴犬价格的新高。

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

价格从 0.000018343 美元左右反弹可能会导致看涨突破，将 SHIB 价格推至 0.000072323 美元的高位。