Shiba Inu (SHIB) Market Imbalance Leads to 15.9 Billion in Longs Being Liquidated
Analysis
Price Impact
HighA significant number of long positions (15.9 billion shib) were liquidated, indicating a sharp and unexpected price drop that caught many traders off guard. this level of liquidation suggests strong selling pressure and potential for further downside.
Trustworthiness
HighPrice Direction
BearishThe article details a recent price drop in shib, extending a decline from a recent high. the liquidation of a large number of long positions further supports a bearish short-term outlook as the market digests this event and potential follow-on selling.
Time Effect
ShortThe liquidation event and the immediate reaction of the market suggest a short-term impact. while longer-term factors will influence shib, the liquidation of leveraged positions is a more immediate concern impacting price.
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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. Cryptocurrencies fell on Thursday, mirroring broader risk-off sentiment, after the Fed held interest rates steady and, hence, boosting the dollar. Advertisement Shiba Inu nursed fresh losses on Thursday, falling 2.03% in the last 24 hours to $0.000005736, extending a decline from March 17. SHIB had previously risen to a nearly four-week high of $0.00000644 at the week's start as momentum appeared to recover temporarily. However, this retraced, with Shiba Inu reaching a low of $0.00000566 on Thursday. The price drop clearly caught bulls unawares, with 15.99 billion SHIB long positions worth $91,630 liquidated. This accounted for 88.9% of total liquidations, which came in at $103,010, while short liquidations only amounted to $11,380, according to CoinGlass data . HOT Stories Galaxy: Quantum Breakthrough Could Threaten Bitcoin Ripple CTO Emeritus Engages XRP Holders With Euro Stablecoin Teaser; Shiba Inu (SHIB) Becomes Top Bull Pick for Top Binance Traders; Bitcoin May Lose 30% of Value vs. Gold, Projects Cowen: Morning Crypto Report You Might Also Like Tue, 03/17/2026 - 15:35 Shiba Inu Crypto Exchange Netflow Jumps 208% as SHIB Volatility Returns By Godfrey Benjamin Advertisement Shiba Inu surpassed the daily MA 50, currently at $0.0000061 for the first time since January on March 16; however, the breakout was not sustained and was short lived. The price drop reflects a familiar pattern seen in recent weeks, where rallies have struggled to gain traction. Short-term holders continue to exhaust rallies, absorbing momentum before any breakout can develop. Crypto market hit with $544 million liquidations Digital assets showed little reaction after the Federal Reserve held interest rates steady. Cryptocurrencies often do better in low-interest-rate environments, which often prompt investors to turn to riskier assets to boost returns. Advertisement The Federal Reserve left interest rates unchanged in the 3.50%-3.75% range on Wednesday, pausing a rate-cutting cycle to boost the U.S. dollar. Risk assets tumbled across the board as a result, with Nasdaq 100 futures trading down. The crypto market likewise fell, mirroring the risk-off move across the global markets. Over $544 million in leveraged crypto futures bets have been liquidated across crypto positions in the last 24 hours, with longs, or bullish bets, accounting for most of the figure at $442 million. Short liquidations came in at $98.21 million, indicating the price drop clearly caught bulls off guard. #Shiba Inu (SHIB) News #Shiba Inu #Federal Reserve