SHIB has been fluctuating within the range of **0.000007715 to 0.000007998 USDT** over the past 7 days, down approximately **5.9%**, with a significant increase in trading volume but weak price action. The daily RSI shows **severe oversold** conditions, short-term chips appear to stabilize, and there are signs of partial rebound.

News Highlights
- **SEC clarifies meme coins are not securities**, the latest policies support crypto innovation, meme coins like SHIB are not classified as securities, and the decentralized development environment is further improving, which is conducive to restoring market confidence;
- **Number of long-term SHIB holders continues to increase**, whales have increased holdings by over 28% within a year, while exchange balances have decreased by 22%, large holders continue to flow in, and selling pressure has significantly eased;
- **On-chain data indicates extreme panic is nearing an end**, chip structure is stabilizing, short-term selling pressure is gradually being absorbed, and the market is beginning to bottom out;

Active regulation and on-chain capital are facilitating partial recovery, and risk appetite in the sector is slowly rebounding.

## 🧐 Market Sentiment

- Overall crypto market sentiment is in **extreme panic** (cryptocurrency fear and greed index **11**), with cautious capital flow;
- Social media opinions on SHIB's trend are divided, some call for long-term optimism, while others warn of weak rebounds, creating a strong short-term wait-and-see atmosphere;
- On-chain whale inflows continue, social media activity is temporarily low, KOL opinions are neutral, and discussions about bottoming out are increasing but no consensus has formed.

## ✨ Follow-up Focus

- **Will trading volume rebound**: determines whether short-term stabilization and rebounds can continue;
- **Changes in on-chain capital flow**: whale inflows or outflows will directly impact the speed of confidence recovery;
- **Macro policy developments**: clear and sustainable regulation can boost market risk appetite, follow-up details need close attention;
- **Whether institutions continue to increase or reduce holdings**: changes in on-chain and position data will serve as sector indicators;
- **Whether public opinion shifts from divergence to consensus**: forming a consensus on bullish or bearish expectations will help reverse the trend, monitor social media signals and KOL opinions.

Overall, although SHIB shows signs of bottoming out, momentum remains weak, and the market trend depends more on marginal improvements in capital flow, policies, and sentiment.