#Shib
๐๐๐๐ฝ ๐๐ค๐ฃ๐-๐๐๐ค๐ง๐ฉ ๐๐๐ฉ๐๐ค ๐๐ก๐๐๐๐จ ๐๐จ ๐๐ซ๐๐ง $1.8๐ ๐๐ฃ ๐ฝ๐ช๐ก๐ก๐๐จ๐ ๐ฝ๐๐ฉ๐จ ๐๐๐ฆ๐ช๐๐๐๐ฉ๐๐
The long-short ratio in the perpetual futures market has fallen to 0.9298, indicating bearish sentiment among traders.
Shiba Inu's price has dropped 10% to $0.00001164 in one week.
The long-short ratio in the perpetual futures market has fallen to 0.9298, indicating bearish sentiment among traders.
Technical analysis suggests a possible trend reversal as SHIB holds support above $0.00001100, with indicators pointing to a bullish crossover.
A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets.
The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market sentiment.
The ratio has dropped to 0.9298, indicating bearish sentiment among traders, according to CoinDesk's AI insights. This follows the forced closure or liquidation of long positions worth over $1.8 million since June 12, according to data source Coinglass. Exchanges liquidate positions due to margin shortages. The dollar value of the shorts squeezed out during this period is less than $500,000.
