{"id":43242,"date":"2025-08-20T20:01:32","date_gmt":"2025-08-20T20:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43242"},"modified":"2025-08-20T20:01:32","modified_gmt":"2025-08-20T20:01:32","slug":"shiba-inu-699000-imbalance-what-happened-to-trigger-it","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43242","title":{"rendered":"Shiba Inu 699,000% Imbalance: What Happened To Trigger It?"},"content":{"rendered":"
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Top meme coin Shiba Inu recorded a 699,000% liquidation imbalance as its price dropped sharply along with the broader crypto market<\/a>. This has again sparked a bearish sentiment, with the bears looking to be in control.\u00a0<\/p>\n

How the Shiba Inu 699,000% Imbalance Happened<\/h2>\n

Coinglass data<\/a> showed that the Shiba 699,000% imbalance occurred due to the large disparity in the long and short positions that were liquidated in the space of one hour. This came as the SHIB price<\/a> sharply dropped alongside the broader crypto market, led by Bitcoin, which declined to as low as $112,500 in the last 24 hours.\u00a0<\/p>\n

The Shiba Inu price has dropped to as low as $0.00001206 during this period from an intraday high of $0.00001264, flushing a significant amount of long positions<\/a> in the process. Further data from Coinglass shows that $425,230 in long positions have been wiped out in the 24-hour period, compared to just $11,230 in short positions.\u00a0<\/p>\n

This development has sparked a bearish sentiment among Shiba Inu\u2019s bulls<\/a>, who appear to be waiting to see how things unfold before reentering the market. SHIB\u2019s open interest is down over 4% in the last 24 hours, currently at $191.38 million. Meanwhile, the derivatives trading volume is also down 2%, currently at $177.46 million.\u00a0<\/p>\n

However, a positive for Shiba Inu is that the long\/short is at 1.0838, which indicates that more traders are currently long than short. This could spark a massive rebound when the market stabilizes. The crypto market is currently experiencing significant volatility ahead of Jerome Powell\u2019s speech<\/a> at the Jackson Hole Symposium on August 22. Investors await to see whether the Fed Chair will take a hawkish or dovish stance, with rate cuts in focus.\u00a0<\/p>\n

SHIB Burns Skyrocket 2,196%<\/h2>\n

Shibburn data<\/a> shows that Shiba Inu\u2019s burns have skyrocketed 2196% in the last 24 hours, with 1.6 million SHIB burned during this period. However, the burns are down over 28% in the last seven days, with about 72 million tokens burned this period. Increase in burns<\/a> is typically bullish for the meme coin, since it could spark a supply shock as demand increases.\u00a0<\/p>\n

The 24-hour increase in Shiba Inu\u2019s burns follows the SHIB Chainlink integration<\/a>, which enables token burns to occur across multiple networks. Amid these developments, crypto analysts like Javon Marks remain bullish on SHIB\u2019s trajectory. The analyst earlier this month predicted<\/a> that the top meme coin could rally over 150% to reach $0.000032, which may just be the start of a larger reversal.\u00a0<\/p>\n

\"Shiba<\/p>\n

At the time of writing, the Shiba Inu price is trading at around $0.00001226, down over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Shiba<\/div>\n","protected":false},"excerpt":{"rendered":"

Top meme coin Shiba Inu recorded a 699,000% liquidation imbalance as its price dropped sharply along with the broader crypto market. This has again sparked a bearish sentiment, with the bears looking to be in control.\u00a0 How the Shiba Inu 699,000% Imbalance Happened Coinglass data showed that the Shiba 699,000% imbalance occurred due to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43242","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43242"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43242\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}