Shiba Inu Price Surges, Wipes Out 7.94B SHIB in Short Liquidations

Shiba Inu recorded a modest recovery today, generating significant pressure on traders who had prepared themselves for further downside. The asset rose by 4.8% during the session, reaching $0.00000631 as broader digital asset markets also moved higher.

The upward move led to a wave of forced liquidations among traders betting against the token. Market data shows that bearish positions absorbed the majority of losses during the period, highlighting how the recent rebound caught short sellers off guard.

Large Share of Liquidations Came From Short Positions

According to derivatives data from Coinglass, Shiba Inu liquidations totaled approximately $59,170 within the past 24 hours. A large portion of that amount came from traders holding short positions.

Out of the total liquidations, roughly $50,120 was attributed to short positions that were closed automatically as the market moved upward. At the current trading price, this figure corresponds to about 7,942,947,702 SHIB tokens. These liquidations represented approximately 84.7% of all Shiba Inu positions removed from the market during the timeframe.

In contrast, long traders experienced significantly smaller losses. Liquidations on the bullish side totaled around $9,050, suggesting that traders positioned for price increases were very much aligned with the market’s direction during the period.

This pattern did not only affect Shiba Inu. Across the broader cryptocurrency market, liquidations reached approximately $353 million over the same 24-hour window. Short positions accounted for about $292 million of that figure, while long liquidations represented around $60.9 million.

Shiba Inu Price Recovery

Recent trading activity suggests that Shiba Inu has shown some stability after declining earlier in the month. The asset is approaching its seventh positive daily close within the last eight trading sessions, a performance not seen since September 2025.

The rebound began after the token found support near $0.00000520 on March 8. Since that point, the token has gained roughly 20%, allowing it to return to positive territory on the monthly timeframe.

Weekly performance has also improved. During the previous week, Shiba Inu advanced by about 12.3%, representing its strongest weekly increase since early January, when the asset rose by more than 22%.

Trading Activity and Open Interest Increase

The recovery in price has been accompanied by stronger market participation. Derivatives metrics show that open interest has gradually increased, a sign that traders are once again entering new positions.

At the beginning of March, open interest in Shiba Inu derivatives markets stood near $54.51 million. Current figures indicate that it has climbed to approximately $60.90 million, showing renewed activity among market participants.

Spot market trading has also expanded. CoinGlass data shows that SHIB’s spot trading volume surged by roughly 112% within the past 24 hours, reaching $22.23 million. Activity in the futures market rose even more sharply, with trading volume increasing by 109% to about $148.3 million.

Despite the increase in activity, the balance between buy orders and sell orders remains relatively even. This suggests that traders currently lack a strong directional consensus regarding the token’s next move.

Shiba Inu is currently trading above an important resistance zone around $0.00000590. Maintaining price levels above this area could support additional upward movement in the near term.

However, the broader technical structure still shows a downward trend that has produced a sequence of lower highs in recent months. Similar rebound attempts in January and February failed to alter this pattern.

For a significant shift in market sentiment, analysts suggest that SHIB would need to break above the previous lower high recorded near $0.00000725 on February 14. If this move comes at a period of strong trading volume, it could begin a more sustained bullish reversal.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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