Why Shiba Inu (SHIB) Didn't Join Rally: Bitcoin (BTC) $80,000 Surge Leaves Altcoins Behind

Bitcoin (BTC) is back on its feet above the psychologically important $80,000 level after dipping to about $75,600 with the help of a fresh buying interest . Shiba Inu (SHIB) isn't joining the party, though, and stays under substantial selling pressure. BTC was trading around $80,300 on November 5, up more than 3% over 24 hours. Ether did even better, gaining about 5% to roughly $2,421, so the weakness looks specific to SHIB rather than to the whole altcoin market. The jump looks like a short squeeze: about $378 million in short positions were liquidated within a single hour, and total liquidations reached around $747 million, according to CoinGlass. Spot Bitcoin ETFs also stopped bleeding.

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