Shiba Inu (SHIB) defied typical market dynamics by sustaining features regardless of experiencing a extreme liquidation imbalance that sometimes indicators downward strain.
The meme token traded at roughly $0.00000721, up 2.12% on December 26.
That achieve got here at the same time as lengthy positions absorbed overwhelming liquidations within the derivatives market.
What Occurred
CoinGlass information confirmed roughly $10,590 in lengthy positions acquired liquidated over a four-hour interval.
Brief positions faced simply $213.72 in liquidations throughout the identical window.
The ratio created a 5,000% imbalance favoring shorts over longs.
Such one-sided wipeouts sometimes point out overleveraged patrons getting caught in compelled promoting.
Price motion on Binance confirmed a fast leap adopted by consolidation close to session highs.
The transfer contrasted with typical patterns the place heavy lengthy liquidations set off sustained value declines.
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Why It Issues
The resilience suggests spot patrons stepped in after compelled promoting cleared leveraged positions from the market.
Conventional short-squeeze dynamics didn’t apply since shorts barely took losses.
As an alternative, the flush appeared to reset crowded leverage positions with out dragging spot costs decrease.
The meme coin market has seen repeated liquidation waves in the course of the vacation interval.
Earlier information from U.At present confirmed SHIB recorded $103,730 in lengthy liquidations versus simply $895 in shorts over a 24-hour interval ending December 24.
If SHIB maintains assist round $0.0000072, merchants might view the imbalance as a leverage reset.
A breakdown by means of $0.000007 may set off deeper promoting and invalidate the present value stability.
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