The SHIB price challenges a wave of long liquidations biased by 5,000%

Source: Yellow Original Title: The price of SHIB defies a 5,000% skewed long liquidation wave

Original Link: Shiba Inu (SHIB) challenged the typical market dynamics by maintaining its gains despite experiencing a severe imbalance of liquidations that usually signals bearish pressure.

The meme token was trading at approximately $0.00000721, up 2.12% on December 26.

This gain occurred even as long positions absorbed overwhelming liquidations in the derivatives market.

What happened

Data from CoinGlass showed that approximately $10,590 in long positions were liquidated over a four-hour period.

Short positions faced only $213.72 in liquidations during the same window.

The ratio created a 5,000% imbalance in favor of short positions over longs.

This type of unilateral liquidation often indicates that over-leveraged buyers are caught in forced sales.

Price action on a certain trading platform showed a quick jump followed by consolidation near session highs.

The movement contrasted with typical patterns where strong long liquidations trigger sustained price declines.

Why it matters

The resilience suggests that spot buyers intervened after forced sales cleared leveraged positions from the market.

The traditional short squeeze dynamic did not apply, as short positions barely suffered losses.

Instead, the purge seemed to reset overloaded leveraged positions without dragging down spot prices.

The meme coin market has seen repeated waves of liquidations during the holiday period.

Previous data showed that SHIB recorded $103,730 in long liquidations versus only $895 in shorts over a 24-hour period ending December 24.

If SHIB maintains support around $0.0000072, traders might see the imbalance as a reset of leverage.

A break below $0.000007 could trigger deeper sell-offs and invalidate the current price stability.