$SHIB Long Liquidation Alert: $11.96K at $0.02163
Massive Long Liquidation in $SHIB $11.96K at $0.02163
In an unexpected market shakeup, Shiba Inu (SHIB) traders experienced a massive long liquidation, with positions worth a staggering $11.957K being wiped out at a price point of $0.02163. Here's an in-depth look at the details:
The Event: In a flash, the SHIB market saw over $11.96K in long positions liquidated as the price of SHIB dropped to $0.02163.
Traders holding leveraged positions found their trades automatically closed due to the unfavorable price move, signaling the volatility of the SHIB market.
Price Point: The liquidation took place at the $0.02163 mark, showing a significant dip in the price of Shiba Inu.
This price action may have caught many investors off-guard, especially those who were betting on further upward momentum.
Impact on the Market: The liquidation event likely added further pressure to SHIB's already volatile price action, pushing it even lower as sell-offs intensified.
Liquidation events like these can create a domino effect, triggering a wider market correction, particularly in meme coins like SHIB, which are known for their wild price swings.
Market Sentiment: This liquidation highlights the high-risk nature of leveraged trading in volatile
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