Recent data from CoinGlass highlights significant liquidation levels for Shiba Inu traders, raising concerns about potential market volatility. As the cryptocurrency landscape continues to evolve, these figures suggest that both long and short positions are at risk of liquidation under certain price movements. The source reports that this trend could lead to increased instability in the market.
Vulnerability of Long Positions in Shiba Inu
According to the analysis, long positions in Shiba Inu are most vulnerable to liquidation at the price point of 0.000777. This level poses a critical threshold, and any downward movement could lead to substantial losses for traders holding long positions.
Risks for Short Sellers
On the other hand, short sellers are facing liquidation risks near the 0.00086 mark. The closeness of these liquidation levels indicates an immediate downside risk for the market, as a price drop of less than 5% could trigger a wave of cascading liquidations. This scenario could further amplify the vulnerability of the Shiba Inu market, potentially leading to increased volatility in the coming days.
The recent liquidation cascade in the cryptocurrency market underscores the risks associated with leveraged trading, contrasting with the significant liquidation levels observed for Shiba Inu traders. For more details, see read more.
