Shiba Inu (SHIB) has seen a surprising shift in its market dynamics, with recent data indicating a significant shift in its liquidation patterns that could mark a turning point for the meme coin's price action. After days of relentless liquidations, a period of zero long liquidations has emerged, offering a glimmer of hope to SHIB bulls.
A Pivotal Shift in Liquidation Trends
In a crucial development for Shiba Inu, the token recently recorded an hour with absolutely no long liquidations. This is particularly significant given SHIB's history of punishing late entries. It suggests that the latest upward price movement was not fueled by overleveraged buyers getting wiped out. Instead, it indicates that existing bulls are holding their ground and the market has stopped draining their capital. On the SHIB/USDT Binance chart, SHIB displayed a fast dip and rebound, snapping back towards $0.00000715 after touching the $0.00000706 area. The five-minute chart subsequently flipped from red to green with a series of higher closes, signaling a potential stabilization.
Implications and the Road Ahead for SHIB
While this "zero long liquidation" hour stands out, broader data reveals substantial long liquidations over the past 4, 12, and 24 hours. These figures collectively totaled over $104,000 in the last day, with the vast majority originating from the buy side. This widespread liquidation, however, suggests that much of the excess leverage has likely been eliminated. Alternatively, traders might simply be using less borrowed capital, especially during the holiday session. The removal of forced long exits diminishes a primary mechanism for SHIB's price to drop further. The immediate challenge for Shiba Inu now is to sustain its position above $0.0000071. Buyers must also attempt to reach $0.00000716 without triggering another wave of liquidations, a crucial test for the meme coin's short-term recovery.
