Shiba Inu (SHIB) Hits 9,000% Liquidation Imbalance Right After Death Cross: Is $0 for SHIB Price Real?
The post Shiba Inu (SHIB) Hits 9,000% Liquidation Imbalance Right After Death Cross: Is $0 for SHIB Price Real? appeared on BitcoinEthereumNews.com.
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. 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. 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. 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.…
Filed under: News - @ February 5, 2026 3:24 am