Shiba Inu Price Lags as Bitcoin Reclaims $80,000

Shiba Inu price action diverged from Bitcoin’s rebound on November 5. BTC climbed above $80,000 while SHIB remained near $0.00000475 under selling pressure, according to U.Today. The outlet said Bitcoin’s move appeared to involve short liquidations and noted a return to net spot Bitcoin ETF inflows. Its report described limited signs of a SHIB recovery.

What happened

Bitcoin returned above the psychologically important $80,000 level after falling to about $75,600, U.Today reported on November 5. Its 09:00 UTC article placed BTC around $80,300, up more than 3% over 24 hours. CoinGecko’s later snapshot, at 11:13 UTC, showed Bitcoin at $80,245, up 2.16%. These are separate data snapshots, not simultaneous quotes.

SHIB did not follow the same direction. U.Today reported a price near $0.00000475, well below the September high of about $0.00000620 cited by the outlet. It described continued selling pressure and no proper recovery, even as some other large cryptocurrencies rose.

The different performances show that Bitcoin’s gains did not coincide with a similar move in SHIB during the period covered. U.Today discussed Bitcoin’s short liquidations and ETF flows, while its SHIB analysis pointed to weakening technical support and a lack of clear accumulation. The report does not establish why individual traders acted.

Background and context

U.Today reported that about $378 million in short positions were liquidated within one hour, with total liquidations reaching around $747 million. The outlet said the Bitcoin jump looked like a short squeeze. It also cautioned that short covering alone does not prove fresh demand, so the liquidations do not by themselves establish that buyers will continue to support the price.

ETF flows over the cited dates were not uniformly positive. Figures U.Today attributed to Farside showed about $1.16 billion in spot Bitcoin ETF outflows across October 30, November 2 and November 3, followed by a $74.6 million net inflow on November 4. BlackRock’s IBIT recorded a $201.2 million outflow that day, U.Today reported. The figures describe different days and should be read in that context.

Market reaction

CoinGecko’s figures below are from November 5 at 11:13 UTC. SHIB’s price comes from U.Today’s 09:00 UTC report, so the figures are not a same-time comparison.

U.Today said XRP, Solana and BNB gained roughly 2% to 4% over the 24-hour period it reviewed. Its report described SHIB’s relative weakness as standing out, rather than a broad decline across all altcoins. CoinGecko’s later snapshot listed ETH up 3.78% over 24 hours.

For Bitcoin, U.Today identified the $76,000 to $77,000 area, near the 200-day moving average, as support where buyers absorbed selling. It said BTC had moved above shorter-term moving averages and put its RSI around 51, while noting that a bullish reversal was not confirmed. CryptoZeno, a CryptoQuant analyst cited by U.Today, pointed to a 30-day average reading of 15.8% for the Bitcoin Cycle Extremes Index and argued that the correction might not be over.

U.Today described SHIB’s chart as weaker. The token had broken below an ascending support trendline and remained under major moving averages, which the report said were increasingly acting as resistance. It put near-term resistance at $0.00000510 to $0.00000530, with stronger resistance near $0.00000550. The report said SHIB’s RSI was approaching oversold territory, but found insufficient evidence of accumulation.

What to watch next

For Bitcoin, the question raised by the report is whether the recovery can hold beyond short covering. Subsequent daily ETF flow reports would provide new figures to compare with the November 4 inflow. The analyst view cited by U.Today also leaves open the possibility of further correction; the reported bounce does not confirm a new uptrend.

For Shiba Inu price action, U.Today’s chart levels offer points to monitor: the broken ascending trendline and resistance bands at $0.00000510 to $0.00000530 and near $0.00000550. The report did not confirm accumulation, and it did not identify a confirmed reversal in SHIB.

The Crypto Fear & Greed Index was 50, classified as Neutral, on November 5, according to Alternative.me. That is a broad market sentiment reading, not a SHIB price reading. The information here describes reported market data and chart analysis and is not a recommendation to trade.

FAQ

Why did the Shiba Inu price lag Bitcoin?

U.Today cited SHIB’s break below an ascending trendline, its position under major moving averages and continued selling pressure. The report also said it had not found sufficient evidence of accumulation. Those are the factors the outlet discussed; they do not establish the actions or reasons of individual traders.

What are the main Shiba Inu resistance levels?

U.Today identified near-term resistance around $0.00000510 to $0.00000530 and stronger resistance near $0.00000550. These are chart levels reported by the outlet, not predictions.

Does Bitcoin’s move above $80,000 confirm a market recovery?

No. U.Today described a short squeeze and reported one day of net ETF inflows, while its cited analyst said the correction could continue. The information in the report does not confirm a lasting reversal.

Sources

• Why Shiba Inu (SHIB) Didn't Join Rally: Bitcoin (BTC) $80,000 Surge Leaves Altcoins Behind (U.Today)

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.