The Bitcoin market is once again gaining traction as it is experiencing major technical indicators and macro events. The optimism has been boosted by the nomination of pro-Bitcoin economist Stephen Miran by President Donald Trump to the Federal Reserve Board. The revival of historical trends, including the golden cross, and changes in policies have increased
Shiba Inu (SHIB) is showing early signs of recovery, gaining ground from recent lows as its RSI rebounds and key support levels hold. Despite these positive signals, SHIB failed to break above the RSI 51 mark and continues to face pressure from bearish EMA alignments.
At the same time, whale activity has been steadily declining, suggesting reduced confidence from large holders and raising questions about long-term support. With price action stuck between major support and resistance zones, SHIB’s next move will likely depend on whether momentum strengthens—or fades once again.
Shiba Inu Momentum Improves, But RSI Rejection Signals Caution
Shiba Inu has seen a shift in momentum, with its Relative Strength Index (RSI) rising to 47 from 30.18 just three days ago, signaling a recovery from near-oversold conditions.
However, it’s worth noting that SHIB failed to break above the 51 RSI mark yesterday, suggesting that bullish momentum remains fragile for now.
While the recent bounce reflects easing selling pressure, the inability to push into clearly bullish territory indicates ongoing hesitation among buyers.
The RSI, or Relative Strength Index, is a momentum oscillator that gauges the speed and magnitude of price changes, helping identify overbought or oversold conditions.
Readings below 30 point to oversold levels, while values above 70 suggest overbought territory. With SHIB’s RSI now sitting at 47, the asset remains in a neutral zone—neither overextended nor deeply discounted.
This mid-range positioning leaves room for either a breakout or a reversal, depending on how price action develops around current resistance and support levels.
Decline in SHIB Whales Signals Potential Weakness Ahead
The number of Shiba Inu whales—wallets holding at least 1 billion tokens—has been gradually declining since June 11, falling from 10,259 to 10,231.
While the drop may seem modest, it reflects a slow but steady reduction in large holder participation, which could signal weakening confidence among major players.
A consistent downtrend in whale activity often correlates with diminished support during volatile phases, making SHIB more vulnerable to price swings.
Addresses holding at least 1 billion SHIB. Source: Santiment.
Tracking whale behavior is critical because large holders can influence price movements through sudden buys or sells. A rising whale count often suggests accumulation and long-term confidence, while a declining number may imply distribution or exit.
With SHIB whale wallets shrinking, it could indicate that major investors are either taking profits or hedging against further downside.
If this trend continues, it may add pressure on SHIB’s price, especially if retail interest fails to offset the whale outflows.
SHIB Holds Key Support, But Bearish EMAs Keep Bulls in Check
Shiba Inu price recently tested and held the key support level at $0.0000119, offering a temporary floor despite broader bearish signals.
The token’s Exponential Moving Averages (EMAs) remain in a bearish alignment, with short-term EMAs positioned below long-term ones—indicating ongoing downward pressure.
If this support is retested and fails to hold, SHIB could slide toward the next critical level at $0.0000114, potentially opening the door for further downside.
A breakout above this level may trigger a rally toward $0.0000136, and if buying pressure continues, even a push to $0.0000146 is possible.
For now, SHIB is trapped between crucial support and resistance zones, and a clear break in either direction will likely define its short-term trajectory.
Strategy, formerly MicroStrategy (MSTR), has announced plans to issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock (STRD) to raise funds to expand its Bitcoin holdings and support working capital.
The company aims to raise approximately $250 million from this initial public offering (IPO), based on an initial liquidation preference of $100 per share. Meanwhile, other firms are also advancing Bitcoin treasury initiatives across the globe.
Strategy Plans Major IPO to Raise Funds for Bitcoin Expansion
According to Strategy’s official announcement, the offering targets institutional and select non-institutional investors. Holders are eligible for non-cumulative dividends, paid quarterly if declared, at a 10% annual rate.
“Strategy will have the right, at its election, to redeem all, but not less than all, of the STRD Stock, at any time, for cash if the total number of shares of all STRD Stock then outstanding is less than 25% of the total number of shares of STRD Stock originally issued in the offering and in any future offering, taken together,” the statement read.
The offering plan follows Strategy’s latest acquisition of 705 BTC for around $75.1 million yesterday. SaylorTracker data shows that the firm holds 580,955 BTC, valued at over $60 billion.
Strategy’s move comes amid a wave of corporate cryptocurrency adoption. On June 2, Hong Kong-based Reitar Logtech Holdings Limited (RITR), a logistics solutions provider, revealed that it is in advanced negotiations to create a strategic Bitcoin treasury. The initiative aims to purchase up to 15,000 BTC, valued at approximately $1.5 billion.
“Management believes this treasury diversification could provide several strategic benefits including enhanced financial resilience through allocation to a non-correlated digital asset, increased financial flexibility for future strategic acquisitions in logistics technology and automation platforms, and positioning for expansion in high-growth Asian markets where demand for smart logistics infrastructure continues to increase,” the filing read.
Similarly, the Norwegian Block Exchange (NBX) made history as Norway’s first listed company to adopt Bitcoin as a treasury asset. The company has acquired 6 Bitcoin and aims to raise its holdings to 10 BTC by June.
In Russia, Sberbank, the country’s largest bank, launched structured bonds tied to Bitcoin. This product is available to a limited group of qualified investors in the over-the-counter market.
“Ethereum remains at the core of our blockchain infrastructure strategy. Our expanding ETH position is not simply a treasury play-it’s a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure,” CEO Charles Allen said.
Now, it has entered into an agreement to issue up to $500 million in senior secured convertible notes, with an initial $11 million funding set to close soon. A significant portion of the proceeds, up to 80%, will be allocated to purchasing SOL.
Cybercriminals have found a new attack vector, targeting users of Atomic and Exodus wallets through open-source software repositories.
The latest wave of exploits involves distributing malware-laced packages to compromise private keys and drain digital assets.
How Hackers are Targeting Atomic and Exodus Wallets
ReversingLabs, a cybersecurity firm, has uncovered a malicious campaign where attackers compromised Node Package Manager (NPM) libraries.
These libraries, often disguised as legitimate tools like PDF-to-Office converters, carry hidden malware. Once installed, the malicious code executes a multi-phase attack.
First, the software scans the infected device for crypto wallets. Then, it injects harmful code into the system. This includes a clipboard hijacker that silently alters wallet addresses during transactions, rerouting funds to wallets controlled by the attackers.
Malicious Code Targeting Atomic and Exodus Wallets. Source: ReversingLabs
Moreover, the malware also collects system details and monitors how successfully it infiltrated each target. This intelligence allows threat actors to improve their methods and scale future attacks more effectively.
Meanwhile, ReversingLabs also noted that the malware maintains persistence. Even if the deceptive package, such as pdf-to-office, is deleted, remnants of the malicious code remain active.
To fully cleanse a system, users must uninstall affected crypto wallet software and reinstall from verified sources.
Indeed, security experts noted that the scope of the threat highlights the growing software supply chain risks threatening the industry.
“The frequency and sophistication of software supply chain attacks that target the cryptocurrency industry are also a warning sign of what’s to come in other industries. And they’re more evidence of the need for organizations to improve their ability to monitor for software supply chain threats and attacks,” ReversingLabs stated.
These infected files included clipboard hijackers and crypto miners, posing as legitimate software but operating silently in the background to compromise wallets.
The incidents highlight a surge in open-source abuse and present a disturbing trend of attackers increasingly hiding malware inside software packages developers trust.
Considering the prominence of these attacks, crypto users and developers are urged to remain vigilant, verify software sources, and implement strong security practices to mitigate growing threats.
