This metric indicates holders' confidence in Shiba Inu SHIB ShibArmy $SHIB SHIBCommunity
's data on holder composition by time held, 28% of SHIB holders have"hodled" their tokens for more than a year, 68% have held within a year and 4% have held onto their tokens for less than a month. Just a week ago,Shiba Inu's correlation with Bitcoin drops by 30%
Following its most recent surge, Shiba Inu is gradually decoupling from Bitcoin, as shown by the 30-day Bitcoin correlation index.Shiba Inu had significant market growth on Aug. 14, rising about 35% from lows of $0.0000126. On Aug. 15, Shib soared to a peak of $0.0000179 before retreating. Shiba Inu's price was up 2% at the time of publication to $0.0000155.
According to IntoTheBlock statistics, Shiba Inu was showing a 0.62, or 62%, price correlation with Bitcoin, a drop of nearly 30%.
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