Bitcoin traded in a tight range between about $88,000 and $89,500 this week and was last changing hands near $83,821, marking a 6.22% daily drop and an overall decline of just over 8% amid geopolitical uncertainty. On Sunday, Santiment reported that wallets holding at least 1,000 BTC added 104,340 coins, a 1.5% increase, as million‑dollar‑plus transactions rebounded to two‑month highs and derivatives data pointed to aggressive long positioning.

As February begins, blockchain analytics firm Arkham reports that wallet 0x519Fe moved 61.63 billion SHIB through Coinbase's hot wallet within hours, then returned to a zero balance while SHIB traded near $0.00000776. Historical data shows Shiba Inu has posted gains of 20.3%, 1.59%, and 41.3% in recent Februarys, with an average return of 9.26%, even as current technical indicators present mixed signals.

More than 26.47 billion SHIB shifted to exchanges within the past 24 hours, pointing to a major change in token flows. Despite the surge, netflow held steady and on-chain metrics showed rising transactions and active addresses. SHIB trades around $0.00000776, down 1.22% over 24 hours, as technicals suggest a transitional phase.

Shiba Inu closed below its 20-day moving average, breaking a key support that had underpinned bullish sentiment after the January 4 peak at $0.00000965. With SHIB trading around $0.00000840, the move exposes downside room toward the lower Bollinger Band near $0.00000718, implying a potential decline of about 14.36% if past patterns repeat. Momentum and volume readings now tilt bearish, as the 20-day average turns into resistance and buyers have yet to show strong defense around current levels.

CryptoQuant data shows exchange reserves for Shiba Inu have climbed to about 82 trillion SHIB, up from 81 trillion at the beginning of 2026. According to CoinCodex, SHIB trades near $0.00000864, down 0.53% over 24 hours, while positive net flows and softer derivatives activity point to building, near-term selling pressure even as some whales stay active.

On Sunday, Shiba Inu (SHIB) rose just over 13%, then since Tuesday slipped about 4% while trading between $0.000007 and $0.000014. A bullish divergence and price breakout are cited as signals for a possible 246–300% move toward $0.000032, amid sustained whale accumulation. At press time, SHIB was $0.00000863, down 1.83%.

According to the report, the memecoin market rose by nearly $8 billion within days in early 2026, taking total value to about $49.5 billion despite a 6.2% daily pullback. DOGE, SHIB and PEPE led weekly gains, with DOGE up 18.1% and PEPE soaring 50.3%. Peak trading volume hit $9.2 billion before easing to $5.5 billion.

Dogecoin has broken out of an extended downtrend, with its price rising 8.94% to about $0.1315 in the last 24 hours and trading activity picking up. Trading volume has reached $1.55 billion, up 41.53%, while a golden cross between the 9- and 26-period moving averages on the hourly chart points to strengthening bullish momentum.

Dogecoin is trading at $0.1242, up 1.02% over 24 hours, as the total crypto market capitalization reaches $2.97 trillion. Bulls watch resistance near $0.13 and support at $0.12, with MACD and an RSI at 44 pointing to improving momentum. Open interest climbed 1.68% to $1.51 billion, indicating added positioning.