Shiba Inu holds supports amid broader crypto rout as Bitcoin slips below $70,000

Shiba Inu’s burn rate hit zero at the close of January 2026 (the second time in under a week), leaving circulating supply unchanged at 585,423,776,344,682 SHIB. The prior burn ~48 hours earlier destroyed 777,777 SHIB. SHIB fell from a daily high of $0.000006809 to $0.000006415 and was trading around $0.000006475 (down ~4.51% in 24h). Trading volume rose 11.99% to $180.43M (largely sell-side). Bitcoin also dropped over $5,000 to ~ $71,222. Onchain analyst Ali Martinez said SHIB breached a critical support at $0.000006672 and warned of a potential 81% downside. Spot flows rose over 1,500% in the last 24h but did not reverse the decline.
AI Analysis
Burns halted (zero burn) and circulating supply remained steady; SHIB price fell ~4.51% with volume up 11.99% (largely sell-side); an onchain analyst flagged a breach of critical support at $0.000006672 with a possible 81% downside; spot flows rose 1,500% but failed to stop the decline. All points are drawn from the article summary.