Shiba Inu Faces Extended Bear Market with Profit Margin Concerns

Shiba Inu's ongoing bear run may persist for another seven months, driven by concerning metrics. The percent supply in profit has declined significantly, reaching lows not observed since 2021. This metric highlights the struggles faced by holders as a considerable portion of the circulating supply finds itself in loss. Analysts suggest that continued selling pressure could contribute to this prolonged downturn. Market sentiment remains cautious as traders navigate fluctuating conditions. The outlook for Shiba Inu remains uncertain, creating a challenging environment for investors.

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