German Tax Draft Weighs on SHIB as Price Slumps 93% from Peak
Shiba Inu (SHIB)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Shiba Inu trades at $0.00000568 on Saturday morning, marking a 3.6 percent drop from the previous day. The primary focus for holders is a draft bill from the German federal finance ministry, scheduled for cabinet review on 14 October. This legislation determines whether investors can apply a one-year holding period to their SHIB assets for tax purposes.
The ministry is accepting comments on the draft until 6 October, a deadline that carries significant weight for SHIB investors. Currently, the token trades 93.4 percent below its all-time high, leaving those who bought in 2021 with substantial losses. The current price of 5.68 millionths of a dollar means any new purchase locks in a specific entry date that cannot be easily reversed.
Over the last 24 hours, SHIB has lost 3.59 percent, while the seven-day loss stands at 3.81 percent. Despite recent declines, the asset has gained 9.0 percent over the last 30 days. The weekly decline is seen as giving back part of the October gains, but nothing more for now.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 3 October 2026. Not the outlet's figures.
Whalio data shows SHIB trading at $0.000005720, with a 1-hour buy ratio of 39.2 percent indicating immediate selling pressure. This contrasts sharply with the 4-hour buy ratio of 54.0 percent, suggesting that buying interest is stabilizing over a slightly longer timeframe. The 24-hour buy ratio sits at 46.6 percent, reflecting a balanced but slightly bearish sentiment over the full day. Volume delta data reveals a net outflow of $11,951 in the last hour and a net inflow of $22,491 over four hours. Over 24 hours, the volume delta shows a net outflow of $697,005, indicating that sellers have dominated the day's volume. Cumulative Volume Delta closed at +$91,436, showing that while volume was high, buying pressure persisted in the final hours.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.3 percent, making the latest day's 46.6 percent ratio 3.7 points lower than the average. Spot volume for the day reached $10,067,891, which is 2.07 times the weekly average volume. This elevated activity occurred over four days of net buying out of seven, with a total volume delta of -$546,590 for the period. The price change over eight days was -4.0 percent, aligning with the recent downward trend. This represents an unusual day for the coin, driven by volume more than double the average despite lower buying ratios.