Shiba Inu Price Rockets on Massive Liquidation Event

Shiba Inu's price has risen to $0.00000515 in recent days, up 2.85% from yesterday and 11.8% over seven days.

This increase is largely attributed to the aftermath of a massive liquidation event on Wednesday, where approximately $3.38 billion in total crypto liquidations swept the market across 192,002 traders.

Short positions absorbed about $3.1 billion of that total, while long liquidations totaled just $275.45 million, creating a lopsided ratio that turned bearish traders into forced buyers.