$1000SHIB experienced a large long liquidation around $0.00735, showing that bullish positions were heavily over-leveraged and failed to defend the move. This type of liquidation usually appears after buyers chase upside and price rejects from resistance. The forced exits increase selling pressure and often weaken short-term structure, especially in meme-related assets where volatility is already high. After such a flush, price often enters a corrective phase or ranges lower while leverage resets. Any bounce may face selling from trapped longs looking to exit. Risk remains elevated unless strong demand reappears.
1000SHIBUSDT
Prep
0.007214
-2.85%