SHIB Long-Short Ratio Drops: Traders Panic as $1.8M Liquidated!

by

So, what’s going on here?

  • Shiba Inu (SHIB) decided to take a little dip—down 10% to $0.00001164 in the span of one week. Who needs a stable coin, right?
  • The long-short ratio in perpetual futures has plummeted to 0.9298, signaling traders are getting more bearish by the minute. Maybe they’re just having a rough week?
  • Despite the downturn, technical analysis suggests SHIB could be thinking about a comeback. After all, who doesn’t love a good plot twist?

Brace yourselves: Shiba Inu (SHIB) is having a moment, and not the good kind. After a juicy price drop, it seems like some overzealous bulls are losing their grip. It’s almost as if leverage isn’t the golden ticket to wealth after all!

Here’s the scoop: the long-short ratio in perpetual futures, that oh-so-trustworthy indicator of trader mood swings, is flashing a red warning light. This measure tells us how many bulls are still holding on compared to the bears. The latest number? A cool 0.9298. Bears, it seems, are having the last laugh. Thanks to a cascade of long positions worth over $1.8 million being liquidated since June 12, this ratio has definitely tilted in favor of the pessimists. And don’t get me started on the short-squeeze drama—less than half a million dollars were lost on shorts, but who’s counting?

As if that wasn’t enough to rattle traders’ cages, the derivatives market has entered “careful mode.” Open interest dropped by 2.14% to $145.33 million, while long liquidations hit $244,000—compared to a measly $57,000 in short liquidations. Somebody call a counselor for these long positions, they’re clearly going through a tough time.

And the SHIB price? Oh, it’s down 10% to $0.00001164, but don’t be fooled by the grim look on its face—there was a teeny-tiny recovery from the two-month low of $0.00001134. Perhaps it’s plotting something, maybe even a heroic comeback? Who knows!

AI’s Attempt at Optimism:

  • SHIB is still holding onto that $0.00001100 level like a stubborn toddler refusing to let go of their favorite toy. It might be a sign of a trend reversal, but what do we know?
  • According to the technical analysts (the ones with the charts and the pens), there’s a subtle bullish divergence in the daily RSI. MACD and its buddies are approaching a crossover—sounds like a fancy move toward $0.00001390.
  • There’s also some buyer interest, evidenced by the higher-than-average volume. The closing price at $0.00001170 suggests that SHIB is stabilizing. How lovely.
  • The hourly RSI? A bit oversold. Maybe this setup will lead to a technical bounce, but only if the support at $0.00001168 can hold. Fingers crossed.

Read More

2025-06-18 10:12