Shiba Inu’s Price Plunge Triggers Strategic Shifts in Crypto Market

Increase in Liquidations and Investor Behavior

Data indicates that the ratio of open long (bullish) positions to short (bearish) positions in SHIB futures has significantly decreased. The long-to-short ratio has dropped to 0.93, highlighting a cautious stance among investors regarding SHIB. During the recent price drop, over $1.8 million in long positions were closed, while the liquidated short positions remained below $500,000. Experts highlight that this data reflects an increased perception of risk in the current market.

According to CoinGlass data, open interest in derivative markets decreased by 2.14% within the last 24 hours, dropping to $145 million. Additionally, the forced closure of long positions rose to $244,000, while short position liquidations amounted to approximately $57,000. This indicates that losses in short positions are relatively limited.

Technical Factors Impacting Price

The price of SHIB has fallen by 10% since June 12, reaching $0.00001164. Despite this sharp decline, minor recovery signs have been observed in short-term charts. Certain technical indicators show that SHIB has maintained its critical support level at $0.00001100, suggesting potential reversal signs..........