The cryptocurrency market is currently experiencing notable fluctuations, and Shiba Inu (SHIB) has gained particular attention recently due to its remarkable liquidation volume imbalance. Within the span of just 24 hours, more than $2.65 million worth of SHIB was liquidated, marking a significant event in the crypto sphere.
This substantial liquidation activity may have profound implications for SHIB’s future trading dynamics. Traders and investors are closely monitoring these developments to understand potential market responses and strategize accordingly.