Recently, SHIB's trading chart has been quite interesting — this round of rise to around $0.00000715 doesn't seem to be driven by long positions being liquidated. In the past hour, there were no long positions closed, whereas short positions were closed for $699.13, indicating that this upward move has been relatively clean.

But looking ahead, we need to be cautious. Over the past 24 hours, total liquidations exceeded $100,000, with longs contributing $103,730. Such a level of liquidation activity warrants attention. The key level now is at $0.0000071 — whether the longs can hold this level is very important. If they do, they might attempt to push to $0.00000716, but once broken, it could easily trigger a chain of liquidations. This is the current situation; it depends on how strong the longs' willingness is.