Oh great, here we go again-Shiba Inu’s back in the news, but not for “Look how rich I got!” No, no, it’s more like “Oops, we’re kinda losing fans.” Despite SHIB trying to hold steady around $0.0000123 (like someone clinging to a subway pole during rush hour), this delisting news basically says, “Yeah, good luck with that liquidity surge, pal.” Spoiler: it’s not coming.
Shiba Inu’s epic battle… or flailing about?
For weeks now, SHIB’s been stuck in this “contracting triangle pattern,” which sounds fancy but really just means it’s caught between $0.0000120 and $0.0000130, kinda like me trying to make a decision on what to order. Trading volume’s dropping too. So, no bulls, no bears, just confused crypto animals wandering around. The 200-day EMA sits up there at $0.0000139 like a bouncer who’s had enough of this nonsense, while the 50-day and 100-day averages are squeezing the price like it owes them money. And with the RSI at 46? That’s basically “meh” on the momentum scale. Translation: once things get volatile, SHIB might just freak out.
But hey, technical charts are only one piece of the puzzle. The real kicker? BitMEX, a big deal in derivatives trading (think Wall Street with a crypto hat), is delisting 48 perpetual contracts on September 11 at noon UTC. And guess what? SHIB’s in that unfortunate lineup. Why? Because, wait for it… people aren’t trading them. Yeah, not even the fans. So BitMEX’s gonna shut down all trading for these pairs and cancel open orders like it’s cleaning out the fridge before a party. Good times.
The derivatives drama
Now, I know what you’re thinking: “Phew, it’s only derivatives, SHIB spot’s safe, right?” Sure, but derivatives are like the steroids of the trading world-they pump up activity and liquidity. Losing that means fewer players at the table, and guess what? The big institutional and wild speculative gamblers are stepping out. SHIB’s losing its cool kid cred.
And it’s not just SHIBUSD getting booted-ARBUSD, ORDIUSD, XAUTUSD, ONDOUSDT, WOOUSDT, ZROUSDT, BLURUSDT, SAGAUSDT, and even USDTUSDC are all getting the heave-ho. It’s like the crypto version of a “You’re fired” montage.
Timing couldn’t be worse for SHIB. Without some shiny new hype or a magic rocket, it’s looking at a possible retest of $0.0000115, maybe even breaking below key support levels. If traders start treating this delisting like a breakup text, confidence could nosedive faster than you can say “to the moon.” 🚀💔
So, bottom line? Even if it’s just derivatives getting dumped, it’s a pretty clear signal that Shiba Inu needs some serious reinvention. Otherwise, it’s just fading into the crowded crypto mess, like the guy at the party everyone kind of forgot was there.
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2025-09-05 12:39