Over 6.3 Billion SHIB Shorts Liquidated Amid Market Imbalance
Analysis
Price Impact
MedThe liquidation of over 6.3 billion shib in shorts indicates a strong upward momentum, as more traders were betting against the price. this can trigger further buying pressure. however, the overall market sentiment and upcoming economic data will also play a significant role.
Trustworthiness
HighThe information is derived from coinglass data, a reputable source for on-chain and derivatives market data. the article also references broader market trends and analyst opinions, adding to its credibility.
Price Direction
BullishThe liquidation of a large volume of short positions suggests that the price is likely to continue moving upwards, as these traders are forced to buy back shib to cover their positions. the token has already shown a rebound and is up over the past week, supported by technical indicators like contracting bollinger bands which often precede a significant price move.
Time Effect
ShortThe immediate impact of short liquidations is typically felt in the short term, as the forced buying can cause a rapid price increase. however, the sustainability of this move will depend on broader market conditions and upcoming economic data releases later in the week.
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Cover image via U.Today 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. Shiba Inu rebounded to a high of $0.00000575 on Tuesday, extending a recovery from a low of $0.00000522 following the sell-off in the past week. Advertisement Major tokens rebounded on Tuesday as optimism on risk markets increased. At the time of writing, SHIB was up 5.47% in the last 24 hours to $0.00000567. The price increase caught bearish traders unawares, with shorts being majorly liquidated in a market imbalance. HOT Stories $2 XRP Back on the Menu: Bollinger Bands, Bitcoin (BTC) Recovers to $70,000 Amid 500% Liquidation Imbalance, 494 Billion Shiba Inu (SHIB) Leaves Singapore's Coinhako to Major Market Maker: Morning Crypto Report Ripple Exec Celebrates $100 Billion Milestone According to CoinGlass data, Shiba Inu saw a total $48,260 in liquidations; short liquidations account for the majority at $38,680, or 6.3 billion SHIB. Long liquidations only account for $9,580. Advertisement You Might Also Like Mon, 03/09/2026 - 15:52 Shiba Inu 658% Jump in Spot Flows as Activity Picks up for SHIB By Tomiwabold Olajide This liquidation imbalance follows a broader trend on the market, with shorts mostly wiped out amid the latest price recovery. According to CoinGlass data , a total of $327 million was liquidated in crypto positions across the entire market; short positions accounted for $200 million of this figure. Advertisement Shiba Inu price action Shiba Inu reversed a four-day drop and began to rise on Monday. The recovery extends on Tuesday with Shiba Inu reaching $0.000000575. The dog coin has reversed weekly losses, up 7.4% in the last seven days. On-chain and derivatives indicators indicate the market is eyeing a rise after the recent sell-off, though conviction has yet to fully return. You Might Also Like Mon, 03/09/2026 - 13:12 Shiba Inu Drops 275 Billion SHIB From Exchanges: Clear Trend Forming By Arman Shirinyan Analysts believe that the market "already absorbed the negatives and priced them in," with the next move now being awaited. This week awaits a slew of economic data, with investors bracing for February inflation data due Wednesday, followed by the January personal consumption expenditures index and JOLTS job openings figures on Friday. The Shiba Inu Bollinger Bands are contracting on the weekly chart. This classic technical signal suggests the meme coin might be consolidating for a potentially major move. The narrowing of the bands follows consecutive weekly price drops, with the SHIB price falling in the last three weeks. The next resistance targets for Shiba Inu in the short term are at $0.00000587 and $0.00000653, while support is expected at $0.00000526. #Shiba Inu (SHIB) News #Shiba Inu