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.

在加密货币市场的恐慌浪潮中，柴犬的价值暴跌，导致加密货币恐惧和贪婪指数跌至 38 以下，为 2023 年 11 月以来的最低点。

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经历了三天的下跌，跌至0.00001271美元，为3月1日以来的最低水平。这一跌幅明显大于比特币和以太坊等主要加密货币。

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.

加密行业当前的恐惧情绪导致了柴犬价格的下跌。人们观察到比特币大量涌入交易所，Mt. Gox 和比特币矿业公司等机构将比特币转移到这些平台。

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，现货比特币ETF资产持续下滑，数据显示，目前11只基金持有865,947枚比特币，价值近500亿美元。

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.

有迹象表明，继周五公布积极的通胀和非农就业数据后，美联储可能会在较长一段时间内维持高利率。 NFP 报告显示 6 月份创造了 20.6 万就业岗位，超过了预期的 19.1 万就业岗位。

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.

柴犬基本面疲软也是其价格下跌的原因之一。最近的统计数据显示需求正在减弱，Pepe 和 Dogwifhat 等新的 meme 代币的交易量超过了 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 网络的总锁定价值 (TVL) 已从年初至今的 400 万美元峰值下降至 135 万美元。 Shibarium 内的主要 dApp 的 TVL 大幅下降，其中 WoofSwap、ChewySwap、Marswap 和 DogSwap 在过去一个月中均下降了 40% 以上。

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

ShibaSwap 的资产也有所减少，从 2021 年近 20 亿美元的峰值跌至 1840 万美元。

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.

技术指标显示柴犬进一步走软。图表趋势表明可能形成死亡交叉模式，其中 50 天和 200 天指数移动平均线 (EMA) 相交。如果这种模式成为现实，可能会导致 SHIB 的价格跌至 0.0000085 美元，这是今年的最低点。