Saad Ullah
⬤ Shiba Inu is back in focus after a sharp wave of short liquidations hit bearish traders. SHIB rebounded to $0.00000631, wiping out $50,120 worth of short positions in 24 hours, equal to roughly 7.9 billion SHIB tokens. The move pushed the meme coin to its seventh green daily candle in the last eight sessions, signaling a steady short-term recovery that caught overleveraged bears off guard.
⬤ Total liquidations in SHIB derivatives reached around $59,170 in the same window. Short positions dominated forced closures, making up about 84.7% of the total, while long liquidations came to just $9,050. Across shorter timeframes, bearish liquidations were equally lopsided: roughly $4,410 wiped in one hour and $22,980 over four hours. This mirrors patterns seen during Shiba Inu Tests $0.0000059 After 13% Rebound in 4 Bullish Sessions, when rapid price action triggered a similar derivatives shakeout.
Forced position closures can amplify volatility during recovery phases -- sentiment in SHIB shifts faster than in most assets.
⬤ Market participation has expanded in parallel. Open interest in SHIB derivatives climbed from $54.51 million on March 1 to around $60.90 million, reflecting more active leveraged exposure to the token. Spot trading volume jumped 112% in 24 hours to $22.23 million, while futures volume rose 109% to roughly $148.3 million. Growing buying interest near key support levels has also been covered in Shiba Inu Price: SHIB Shows Bullish Accumulation, where analysts noted similar positioning behavior ahead of price recoveries.
⬤ The convergence of rising volume, expanding open interest, and concentrated short liquidations highlights how fast sentiment can reverse in the SHIB market once momentum kicks in. Historical patterns from SHIB Price Analysis: Token Tests Support Zone After 1,237% Rally History show that key support zones have repeatedly acted as launchpads for stronger moves. Whether the current rebound builds further will depend on whether volume and open interest continue to hold.
Saad Ullah
