Shiba Inu Team Urges Traders to Take Care After $20 Million Liquidation Wave

The Shiba Inu team urged traders to take care after a $20 million liquidation wave hit SHIB within 24 hours. Longs absorbed $12.9 million of that total. The same post also called for more bulls and burns. Bullish bets still outnumber bearish ones 2.71 to 1, leaving SHIB longs exposed to a second flush. Why the Shiba Inu Team’s Caution Fits the Futures Data The team backed its call for caution with futures data. These contracts let traders bet on SHIB’s price, often with borrowed money. Futures volume hit $49.3 million over the same window, the Shiba Inu team says . By contrast, spot turnover, meaning direct buying and selling of the token, reached only $10.8 million. That puts derivatives activity at roughly 4.5 times spot.

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