Shiba Inu (SHIB) Hits 9,000% Liquidation Imbalance Right After Death Cross: Is $0 for SHIB Price Real?

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Data from CoinGlass shows a significant imbalance has gripped the Shiba Inu (SHIB) futures market, with long liquidations surging 8,972% above short positions in just 12 hours. Advertisement In raw numbers, approximately $18,710 in longs were neutralized, compared to a nominal $208.85 in shorts. When things are this skewed, it usually means two things: the market is one-sided and not a lot of buyers are feeling confident. Source: Coinglass From a technical perspective, SHIB has confirmed a bearish "death cross," as the 23-day moving average moved below the 50-day average. This pattern often acts as a precursor to a deeper price discovery. HOT Stories Ripple Prime Goes Live on Hyperliquid: Why This Is 'God-Mode' Move for XRP Morning Crypto Report: Dogecoin (DOGE) Rises on Musk's Wealth Record, Ethereum (ETH) Eyes 24% Rally, Cardano (ADA) Dethrones Bitcoin Cash and Hyperliquid From Top 10 SHIB is currently trading at $0.00000665, positioned precariously near a critical support zone at $0.00000667. A failure to hold this level could lead to a move into lower-liquidity regions where price floors are pretty vague. Advertisement Wintermute CEO is "somehow optimistic" The general feeling on crypto reflects these challenges. Evgeny Gaevoy , CEO of institutional market maker Wintermute, for SHIB too, remarked today that current token designs — including buybacks and lockup mechanics — are "broken" in their execution. - dispite all this I'm somehow optimistic for the industry as a whole because we are finally not in some dumb euphoria stage of "Trump pump our bags" but will (once again) flush out the tourists and only have people left who actually believe in mission cypherpunk > cyberpunk — wishful_cynic (@EvgenyGaevoy) February 4, 2026 But there is a bright side to this, according to Gavoy. When "tourists" leave and the market gets excited, it is usually a sign that things are shifting into a "builder" phase. And that is exactly what we need for the industry to stay healthy in the long run. Advertisement You Might Also Like Wed, 02/04/2026 - 00:01 Crypto Market Review: Shiba Inu's (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market? By Arman Shirinyan For SHIB, the immediate outlook depends on whether the remaining holder base can absorb mounting selling pressure. Should the Shiba Inu coin drop below current support, it would trigger a secondary wave of liquidations, testing how much interest is actually left in SHIB. #Shiba Inu (SHIB) News #Shiba Inu #SHIB