Bearish sentiment around Shiba Inu [SHIB] is intensifying, as whales and large holders continue to offload their positions. This selling activity by major investors mirrors broader market trends, raising the likelihood that SHIB could extend its decline in the days ahead. Data from Santiment shows that whales holding between 100,000 and 100 million SHIB have sold a combined 32.17 billion tokens since the 20th of January 2026. SHIB price action and upcoming levelsAt press time, SHIB declined by 3.50% and was trading at the $0.00000755 level. According to the SHIB Exchange Liquidation Map, traders are heavily over-leveraged at $0.00000743 on the downside and $0.00000796 on the upside.