Shiba Inu Continues to Struggle as Long-Liquidation Surges: Will SHIB Price Recover?

TL;DR:

The post Shiba Inu Continues to Struggle as Long-Liquidation Surges: Will SHIB Price Recover? appeared first on Coinpedia Fintech News The crypto market is on a bearish trend over the last 24 hours and Bitcoin led the rally by declining toward $90K.

Key Points:

Background:

Cryptocurrency liquidations occur when leveraged trading positions are automatically closed by exchanges due to insufficient margin. Large-scale liquidation events, often called liquidation cascades, can trigger dramatic price movements as positions are forcefully sold or bought back.

Why It Matters:

Liquidation events reveal the extent of leveraged positions in the market and can cause or accelerate significant price volatility. Understanding liquidation dynamics helps traders assess market risk and potential volatility triggers in cryptocurrency markets.