🐮 Shiba Inu Bulls Are In Heat!

With Bitcoin (BTC) and Ethereum (ETH) prices falling, there was a significant change in the crypto market today, when total liquidation exceeded $155.7 million. Among the affected altcoins, Shiba Inu ($SHIB ) stands out with the liquidation of $1.95 million in 24 hours. This means that more than 75 billion #SHIB were liquidated in a 24-hour period.

🔎According to data from CoinGlass, the biggest burden of this SHIB liquidation is felt by token bulls. Traders with long positions in Shiba Inu recorded a total liquidation of $1.7 million.

⁉️This figure is quite high compared to the total liquidation of $ 255,590 in short positions. Going long in Shiba Inu was a logical move considering how the token started this week. Its price rose as much as 15% on May 28, temporarily becoming the ninth largest digital currency, surpassing Avalanche (AVAX), Toncoin (TON), and Cardano (ADA). However, the current price drop and liquidation situation has pushed Shiba Inu back to 11th place.