Shiba Inu liquidation wave leaves traders with $20M in losses
Photo: The Cryptonomist
A $20 million Shiba Inu liquidation wave hit traders within 24 hours, with bullish positions taking the larger loss even as bets on gains continued to outnumber bearish wagers. The Shiba Inu team urged caution, pointing to borrowed money as a driver of short-term price swings. Key takeaways SHIB longs lost $12.9 million; shorts lost roughly $7 million. Bullish positions outnumbered bearish bets by 2.71 to 1. Exchange deposits exceeded withdrawals by about 92.07 billion SHIB. Shiba Inu liquidation wave hits both sides Long traders absorbed $12.9 million in liquidations, while shorts lost approximately $7 million .
Source: The Cryptonomist
