Why Shiba Inu prices may go against public sentiment

Coin World Report:
During the market adjustment, Shiba Inu (SHIB) has seen significant emotional fluctuations and an increase in the number of holders, suggesting potential bullish activity.
Amid the continued downturn in the cryptocurrency and stock market industries, Shiba Inu, according to a recent analysis by Santiment, is one of the potential outliers.
Despite speculation that the earlier, broader market bull run may be fading, SHIB has shown significant upside potential.
Specifically, after a long period of optimism, market sentiment has changed, with traders expressing doubt.
As fear, uncertainty, and doubt (FUD) begin to dominate, Shiba Inu is becoming one of the promising projects, especially for those willing to challenge the broader bearish outlook.
Emotional changes and market reactions
Santiment’s analysis indicates that cryptocurrencies are still highly speculative assets, even mature projects like Shiba Inu. It emphasizes that historically, the market often goes in the opposite direction of public expectations.
As public market sentiment becomes cautious and bearish, Santiment points out that this pattern may provide opportunities for investors who resist following the major trend.
For example, Shiba Inu’s 1-day sentiment has decreased by 719.81%, reflecting investors’ negative emotions. This decline occurred as Shiba Inu fell sharply from Monday’s peak of $0.00001929 to slightly below the $0.000017 mark.
This increased negative sentiment has weakened Shiba Inu’s 7-day sentiment, currently at a positive change of 2827%. This change is even more pronounced in the 30-day period, with SHIB’s weighted sentiment only at 339.12%.
Despite the significant emotional fluctuations, the 1-day trading volume has decreased by 5.23%, indicating cautiousness among traders towards these rapid emotional changes.
Negative sentiment in the cryptocurrency market
Shiba Inu’s volatility coincides with a broader negative sentiment trend in the cryptocurrency market. Other notable projects such as ChainLink (LINK), Bitcoin (BTC), and Dogecoin (DOGE) have also experienced significant decreases in 1-day sentiment.
ChainLink dropped by -371.73%, while Bitcoin and Dogecoin fell by -226.24% and -157.81% respectively. Even popular meme coins like Pepe have not been spared, with Pepe’s 1-day sentiment plummeting by -574.71%.
This widespread negative signal suggests that many traders may anticipate further downside risks, although Santiment’s research findings indicate that such bearish sentiment sometimes leads to opposite market trends.
Inflows indicate strategic accumulation
In stark contrast to the negative crowd sentiment, Shiba Inu has shown significant activity among large shareholders. In the past 90 days, there has been a substantial increase of 554.88% in the inflow of large holders, indicating ongoing accumulation and suggesting that certain key participants are preparing for potential upward momentum.


Inflows from major shareholders
The 30-day change also reflects a significant growth of 163.23%, further indicating that large holders may be strategically positioning themselves for future price trends.
It is worth noting that even in the short term, the 7-day fund inflow has increased by +1.29%, indicating stable interest from large investors.