Shiba Inu Breaks Structure As Burn Rate Stagnates
Shiba Inu (SHIB)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Shiba Inu fell 4.8% on Monday after sweeping a July high and breaking its short-term structure. The token traded at $0.000005638 at 08:00 UTC on September 28, 2026, down 6.8% over the past week on the Binance perpetual. Despite the decline, SHIB remains up 9.6% over the last 30 days, though the recent drop has eaten into that gain.
The rally had previously pushed price to $0.000006276 during a 4-hour candle on Tuesday, September 22. This level matched a high last seen on Monday, August 1, near $0.000006227. Buy orders above the old high were filled before the market turned lower.
A 4-hour candle on Wednesday, September 23, broke the structure by closing at $0.000005534. Price then consolidated between $0.0000057 and $0.0000060 for four days. Monday’s decline pushed the asset out of that range to $0.000005603. Throughout this move, the burn rate and Shibarium activity stayed close to flat.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio spot data shows SHIB trading at $0.000005930 with a 1-hour buy ratio of 41.6% against a 4-hour ratio of 54.3%. The 24-hour buy ratio sits at 48.1%, indicating that short-term selling pressure is outweighing buying interest compared to the broader daily trend. Volume delta reflects this imbalance, showing a net outflow of $17,893 in the last hour versus a net inflow of $116,186 over the past four hours. Over 24 hours, the volume delta is negative at -$174,686, with cumulative volume delta closing at -$155,449. This means sellers have been more aggressive than buyers in the immediate term, reversing the four-hour accumulation. Net buying occurred for only 10 of the last 24 hours, suggesting inconsistent demand.
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 50.7%, making the current 24-hour ratio of 48.1% slightly below the weekly norm by 2.6 points. Volume has been subdued at 0.51 times the average, indicating lower participation than usual. Net buying was recorded on 5 of the last 7 days, contributing to an 8.0% price increase over the period. The total volume delta for the week was positive at $1,070,588, contrasting with the recent 24-hour outflow. This suggests that while the weekly trend remains bullish, today’s activity is quieter and more sell-heavy than the recent average.