Shiba Inu’s Tragic Fall: Bulls Slink Away as $3M of SHIB Longs Face Doom! 😂

by

Ah, what a spectacle we have here! On this fine Saturday, April 26th, Shiba Inu‘s price has *gracefully* slipped below $0.000015, as the mighty bulls lose all semblance of momentum. 🐂💨 If the price dares to descend further below $0.00001400, prepare yourselves for a cascade of liquidations that will make even the most seasoned traders gasp in disbelief! 😱

The Price of Shiba Inu: A Disastrous Pause as Bulls Take a Nap

Oh, dear Shiba Inu, it seems the days of glory are behind us. After a thrilling 17% gain on the weekly candle, it appears that our once glorious bulls have become but a memory, their strength rapidly fading. 📉

As of the latest data, SHIB is waddling along at a meager $0.00001419, showing a puny 0.6% gain in the past 24 hours. Pathetic! 😤

But wait, it gets worse! The once-promising gains above $0.000015 have evaporated quicker than the excitement at a family reunion. Retail traders seem to have scattered like rats when the U.S. markets opened, leaving a void of activity during the trading hours. 💼

Earlier today, on the grand stage of Binance and Coinbase, multiple rejections around $0.0000150 occurred. It’s almost as if the bulls were too tired to try anymore. 🦄💤

Following a brief rally during the Asian morning hours (yes, the only time SHIB was mildly interesting), the price started to do that thing it always does: it made a series of lower highs. Translation: buyers? They’re just not convinced. 😒

Reports from platforms like Bybit and OKX suggest that some of the big whales might be “de-risking” (or just hiding in the corner and crying quietly) ahead of the weekend. 🐋📉

Shiba Inu holds a market cap of $8.36 billion, a feat which—let’s admit it—still keeps it in the 18th spot in the cryptocurrency pecking order. But even with such status, traders are taking a more cautious stance as liquidity thins out. And Bitcoin? Oh, Bitcoin failed to hold $95,000. Great job, everyone! 🙄

Nearly 3 Million SHIB Longs Could Be Liquidated at the Drop of a Hat

The drama thickens, as the latest Coinglass Liquidation Map reveals that almost 3 million SHIB longs are dangling over the precipice of liquidation. All it takes is a drop to $0.00001365, and it’s game over. 💀

And don’t think Binance is innocent in all this. A cool 766,710 SHIB are exposed on this platform alone. Talk about a liquidation time bomb! 💣

At this critical level, there’s a juicy pocket of liquidity that could trigger forced selling, and soon you’ll see SHIB being swept away like an old receipt in the wind. 🧻

For those of you keeping score, similar price drops—like the one in late March when SHIB lost $0.000012—saw a glorious 5-8% price collapse in mere hours. A true lesson in volatility! ⏳

The SHIB long-to-short ratio on Binance Futures reached an eye-watering 2.7:1 at its peak earlier today. But alas, it soon cooled off—because apparently even traders can only take so much excitement. 😩

Over the past 30 days, long leverage has been dropping like it’s hot, but still, clusters of overexposed longs lurk just beneath the surface. Are you ready for a liquidations parade? 🎉

If $0.00001365 is breached, you can bet your bottom dollar (or maybe your last SHIB) that a swift liquidation cascade will follow. It’s happened before with other altcoins like PEPE and FLOKI earlier this month. It was messy—don’t expect anything different. 🏃‍♂️💨

In the current market circus, a break below $0.00001400 will set off a real show, possibly sending SHIB tumbling even lower if panic takes over. But, *just maybe*, if SHIB can find its strength and maintain above $0.00001420, a modest recovery is possible. 🤞

Read More

2025-04-26 21:39