- Shiba Inu dropped to $0.0000085, its lowest price in 2025, during a major crypto market liquidation event.
- Over $19.36 billion was wiped from the crypto market as more than 1.6 million traders were liquidated.
- Despite losses, SHIB rebounded above $0.00001, showing signs of a possible short-term recovery amid oversold signals.
Shiba Inu experienced a steep fall on Friday, sliding to $0.0000085, its lowest level of 2025. The decline occurred during a widespread sell-off that rattled the global cryptocurrency market. SHIB dropped from a daily high of $0.00001215, extending a week-long downtrend that began after reaching $0.00001302 on October 6.
The fall coincided with what analysts have described as the largest liquidation event in crypto history. Data from CoinGlass indicated that more than $19.36 billion in market value was wiped out within 24 hours. Over 1.6 million traders faced liquidations, with the platform noting that Binance recorded one liquidation order every second.
Broader Market Pressures
The sudden downturn reflected mounting macroeconomic concerns that have weighed on digital assets in recent weeks. The broader market had shown weakness heading into Friday, with increased volatility amplifying losses across major cryptocurrencies. Consequently, investor sentiment shifted sharply as leveraged positions were unwound on leading exchanges.
Despite the sell-off, Shiba Inu displayed signs of resilience as buyers quickly moved in to limit the decline. The token recovered above $0.00001 later in the session, trimming earlier losses. At the time of writing, SHIB was down 11.86% over the past 24 hours and had fallen 16% over the week.
Technical Outlook and Market Sentiment
Technical indicators now point to oversold conditions, suggesting potential for a short-term rebound. Analysts note that maintaining support above $0.00001 could enable SHIB to aim for resistance levels near $0.0000125 and $0.000013. However, sustained recovery will depend on broader market stability and renewed investor confidence.
Momentum in the crypto market remains fragile after the record liquidation event. Traders are closely monitoring price movements to determine whether the rebound in Shiba Inu marks a brief recovery or the beginning of stabilization. Market participants expect near-term volatility as liquidity and sentiment adjust following the historic sell-off.
