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Shiba Inu warns traders after $20M liquidation wave with heavy long losses and high futures activity.

Market News
30 Oct 2026, 11:59 WIB
BeInCrypto
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Bearish
Shiba Inu warns traders after $20M liquidation wave with heavy long losses and high futures activity.

Shiba Inu experienced a $20 million liquidation wave within 24 hours, with longs losing $12.9 million. Despite this, bullish bets still outnumber bearish ones 2.71 to 1, leaving longs vulnerable to further losses. Futures trading volume was 4.5 times higher than spot trading, indicating that borrowed money drives short-term price moves and liquidations. Additionally, a net inflow of 92 billion SHIB tokens onto exchanges suggests increased selling readiness amid a year of declining value and weak demand, prompting the Shiba Inu team to urge caution among traders.

Shiba Inu trades at Rp0.0849 on Pluang as of Oct 30, 2026 16:21 WIB, down 4.20% in one day. The market cap stands at Rp50.1 trillion with a 24-hour volume of Rp2.27 trillion. Sell orders make up 47% of activity, reflecting cautious sentiment amid recent liquidations.

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