SHIB Drops 10.24% in 24 Hours as Volume Spikes 66% and Liquidations Purge Longs
- —SHIB fell 10.24% to $0.0000055 on $138M volume, 66.36% above the 30-day average
- —Long liquidations totaled about $39K versus $139K in the prior candle
- —SHIB futures open interest remains near $63 million
- —Price holds above the 200-day SMA at $0.0000053, up 30.47% over 90 days
Why it matters: The drop looks technical rather than structural: excess leverage was flushed out while the medium-term trend above the 200-day SMA holds.
Source: DiarioBitcoin