SHIB Short Sellers Crushed: $6.3B Liquidated in Sudden Market Shift - Crypto Economy

CryptoEconomy · 2026-03-10T21:22:00+00:00

TL;DR: Shiba Inu (SHIB) records a 5.47% rally, reaching $0.00000575 and leading a recovery after last week’s selling pressure. The upward movement caused a market imbalance, liquidating over $38,680 in short positions, equivalent to 6.3 billion SHIB. Technical indicators show a contraction in t

CryptoEconomy

2026-03-10 21:22:00

TL;DR:

Shiba Inu (SHIB) records a 5.47% rally, reaching $0.00000575 and leading a recovery after last week’s selling pressure.
The upward movement caused a market imbalance, liquidating over $38,680 in short positions, equivalent to 6.3 billion SHIB.
Technical indicators show a contraction in the Bollinger Bands, suggesting consolidation before a potential large-scale volatile move.

On Tuesday’s session, Shiba Inu managed to reverse its four-day downtrend, reaching a high of $0.00000575. This rebound emerges as a solid technical response after touching lows of $0.00000522 during the past week.

Currently, optimism in digital assets has been renewed, allowing SHIB to increase by 7.4% over the last week. The shift in trend caught bearish traders by surprise, generating a significant volume of liquidations across derivatives platforms.

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Massive Liquidations and Technical Consolidation Signals

Data from CoinGlass reveals that total SHIB liquidations reached $48,260, where short positions accounted for 80% of the total. This phenomenon seems to indicate that investor sentiment is leaning toward recovery after absorbing recent negative news.

At a technical level, SHIB’s market capitalization now faces immediate resistance at $0.00000587. If the bullish momentum persists, the next technical target is set at $0.00000653, a key level to confirm a structural shift.

On the other hand, volatility could increase due to the contraction of the Bollinger Bands on the weekly chart. Typically, this pattern precedes aggressive moves, while the main support remains firm in the $0.00000526 zone.

In the coming days, the macroeconomic context will play a crucial role. The market cautiously awaits February inflation data and the Personal Consumption Expenditures (PCE) price index to be published this week.

In summary, SHIB is expected to maintain a consolidation phase while the market processes U.S. labor and inflation data. If the $0.00000526 support holds, the base case points to a test of the upper resistance before the weekly close.

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