As Bitcoin saw a decline to $65,075, big Shiba Inu holders made significant moves. An algorithmic trading company named Wintermute shifted a massive 461 billion Shiba Inu tokens, valued at $13,175,185, to a wallet named Robinhood, as reported by Whale Alert and Etherscan.

This transfer comes during a broader market downturn, where major cryptocurrencies lost value, sparking speculation. It could signal increased trading or strategic accumulation by Robinhood, though the exact motive remains unclear.

Meanwhile, positive US manufacturing data boosted the dollar index, leading to selling pressure on Bitcoin and other cryptos. Bitcoin's price fell to $65,075 due to unexpected growth in US manufacturing activity in March. This reduced the likelihood of the Fed cutting interest rates in June.

As Bitcoin's price dropped, so did Shiba Inu's, reflecting the overall crypto market trend. Shiba Inu fell by 6.44% to $0.0000265 in the last 24 hours, following its peak on March 28.

If the decline continues, the $0.00002288 level, where the daily MA 50 is located, could be a significant support for Shiba Inu's price. Alternatively, a recovery might see bulls aiming for breakouts above resistance levels of $0.00003 and $0.000032, contingent on Bitcoin's movement.

In conclusion, as Bitcoin faced a downturn, Shiba Inu followed suit, with significant movements by large holders indicating potential market strategies amidst broader shifts in cryptocurrency values.