The Shiba Inu has recently experienced an extremely strong rebound, especially as measured by the IntoTheBlock In/Out of the Money indicator. Using this metric, investors can determine how many tokens are currently profitable at a given price point, providing important context for understanding market sentiment.
Recent data indicates a significant reversal in the percentage of SHIB tokens profitable, indicating a change in momentum. Based on current analysis, approximately 56% of SHIB holders are in the money, while only 42% are out of the money. The Shiba Inu may move into a more optimistic phase as a result of this turn in the market’s fortunes. Given that this tends to increase investor confidence and participation, this trend is critical.
Positive feedback, which can cause the price to rise, can occur when a higher percentage of holders make money on an asset, making it more attractive to both new and existing investors. The bullish outlook for Shiba Inu is further supported by additional on-chain data in addition to positive signals from the Money In/Out metric.
There is an increase in large deals (over $100,000), which suggests that whales or institutional investors are becoming more interested. Since big players like to accumulate assets during market rallies, this can often be a sign of further price action.
The Shiba Inu price has already risen significantly, but these on-chain indicators imply that the rally may not be over yet. SHIB could reach new highs in the coming weeks as a result of an increase in large transactions, more holders taking profits and increased market confidence.
