Shiba Inu holds supports amid broader crypto rout as Bitcoin slips below $70,000
first published 2026-02-05T09:41:00Z
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.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
Source Articles
- 0 Shiba Inu in 24 Hours, SHIB Burn Rate Crashes 100% - U.Today
- 332,497,400,000 SHIB Flash Bearish Signal: How Long Until Shiba Inu Recovers? - U.Today
- Shiba Inu's 82,000,000,000,000 Threshold Is Back: SHIB on the Verge - U.Today
- Shiba Inu Death Cross Confirmed Amid $1.04 Billion Market Crash, $0.000005 Next? - U.Today
- U.Today Crypto Digest: Shiba Inu (SHIB) Spot Flows Soar 1,546%, XRP Sees 5,419% Futures Activity Surge, Binance's CZ Shuts Down Bitcoin Manipulation Claims - U.Today
- Dogecoin activity jumps, prices sink as meme coins test the trapdoor - Crypto News
- Crypto Market Review: Shiba Inu (SHIB) Is Not Going to $0, Bitcoin Loses $70,000 First Time in History, Will Ethereum (ETH) Save $2,000? - U.Today