Well, it looks like Shiba Inu is riding the recent crypto wave upward, just like a lot of other digital tokens. But something a bit odd is happening behind the scenes. Over the past hour, things have gone unusually quiet in its derivatives market. That’s according to data from Coinglass, which tracks this kind of thing.
An Unexpected Twist in Liquidations
On September 12, Shiba Inu saw a very mild liquidation event—just $20.87 in a single hour. That’s a tiny amount, really. But here’s the strange part: all of that came from long positions. There were exactly zero short liquidations during that time. In other words, not a single trader betting on a price drop was forced out. That’s pretty rare.
Usually, when something like this happens, people start wondering if it’s a sign of a strong bullish mood. But this time, it’s making some market watchers scratch their heads instead. It could mean a couple of things. Maybe there’s just very little interest in shorting SHIB right now—so few people are betting against it that no one got liquidated. Or perhaps the price moved in a way that didn’t put any short positions at risk.
What This Means for SHIB’s Momentum
On one hand, the lack of short liquidations suggests there isn’t much downward pressure. At the same time, such a small amount of long liquidations means most bullish traders are still in the game. Only a very small number got knocked out.
SHIB’s price is still ticking upward, gaining about 2% over the last day. That’s decent, but not explosive. The absence of short squeezes or big liquidation spikes makes the whole situation feel kind of neutral. Maybe even cautiously optimistic.
Some think the bears might have just given up for now. If they’ve exited because they’re tired or because they expect the price to go higher, that could actually open the door for more gains. Without many traders betting against it, SHIB might have an easier time climbing.
Keeping an Eye On the Trend
It’s hard to say what happens next. Traders seem hopeful about SHIB’s chances in the longer run, but they’re watching closely. If this lack of short activity continues, it could mean smoother upward movement. Maybe even a breakout.
But I’ve been around crypto long enough to know that nothing’s certain. These quiet moments can be misleading. For now, though, SHIB seems to be holding its ground—quietly, and with a few curious twists along the way.
