Shiba Inu Price Tested by Market Volatility as $23 Trillion Held in Limbo

The Shiba Inu (SHIB) price has been grappling with market volatility, recently dropping to levels unseen since June 11th. The crypto market is experiencing a downturn across the board, as broader bearish sentiment pushes prices lower. CoinGlass reveals over $131 million in liquidations, with long positions accounting for $83 million of that amount. This drop comes amidst increased macroeconomic uncertainty and follows a significant sell-off last week where investors took profits and weighed market factors.