Are Low Liquidity and Weak Attraction Threatening Shiba Inu’s Rise? :$SHIB
One major concern is the recent spike in the bid-ask spread for Shiba Inu, which indicates increased liquidity for the coin.
The bid-ask spread, a crucial liquidity measure, measures the difference between the buy and sell prices.
A low spread indicates a liquid market, while spikes, as is the case with SHIB, indicate low liquidity, leading to short-term losses for traders.
This spike, coupled with the recent price drop, could lead to sharp volatility unless the spread narrows. Currently, SHIB is priced at $0.00001379. If the liquidity issue persists, the price could see further declines.