Overview

• SHIB traded between roughly $0.00001206 and $0.00001264 in recent sessions as crypto markets de-risked ahead of Fed Chair Jerome Powell’s Jackson Hole remarks.
• Coinglass recorded a one-hour 699,000% liquidation imbalance during the drop, with far more longs cleared than shorts; long/short ratios stayed above 1 and funding turned positive even as open interest and volume declined.
• Bybit’s August 14 proof-of-reserves showed 2.943 trillion SHIB held for customers, while Etherscan highlights large custodial stacks at Robinhood (~39.27T), Binance (58T+ across three wallets) and Crypto.com (~5T).
• Alphractal’s Joao Wedson cites indicators consistent with an accumulation phase and a conditional ~125% upside, and analyst Javon Marks tracks an inverse head-and-shoulders pattern with a higher speculative target.
• Burn readings conflicted, with reports of a 2,196% daily spike to about 1.6 million SHIB versus another showing 69,679 burned, leaving near-term supply impact unclear as traders watch for macro signals.