As reported by U.Today, the crypto market is experiencing a severe bear market stress test, with nearly $1 billion being liquidated across the board. Among them, Shiba Inu (SHIB) was the most affected by this trend, with a total liquidation of $3.63 million in the past 24 hours, equivalent to 14.8 trillion SHIB being liquidated during this period. Long-term traders, those who bet on the future growth of the token, suffered a larger portion of liquidations, reaching $3.45 million. Short-term traders, those who bet on a price drop, also saw $186,400 liquidated. Shiba Inu's price drop has posed a significant obstacle to its recovery attempts, with the token price at $0.00002425, down 12.17% in the past 24 hours and more than 11% in the past week. Despite the current bearishness, some of Shiba Inu's key indicators remain in the green. These include the number of large transactions worth $100,000 or more. According to data from IntoTheBlock (ITB), these large transactions surged 276.29% in 24 hours to $212.56 million. The number of transactions on the Shiba Inu network also increased by 5.62% to 5,750, up from 5,200 on April 10. The last bullish indicator is the trading volume, which increased by $167.03 in 24 hours to $1,199,915,774,000, indicating that more traders are interested in the asset.
