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⭕️SHIB FUTURES LIQUIDATIONS RISE 13%

⭕️SHIB FUTURES LIQUIDATIONS RISE 13%

Day: 09 | Time: 17:15:18 The value of Shiba Inu (SHIB), the leading meme cryptocurrency, has increased by 13% since July 5th, causing the liquidation of many short positions in its futures market. Liquidations occur when the value of an asset moves against a trader's position, forcing them to forcefully close the position due to insufficient funds. In the case of short positions, traders are forced to buy the asset back at a higher price to cover losses when the price rises. Since the price increase began on July 5th, SHIB has seen more short liquidations than long ones. Despite this, activity in its futures market remains low, with a 23% decline in futures open interest this month. According to SHIB's Aroon Up Line indicator, the current rally could be short-lived, and if a correction occurs, the value could drop to $0.00001570. However, if the bullish trend continues, the price could reach the $0.000017 level.

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