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Shiba Inu (SHIB) under pressure as market shakeout forces position exit. Shiba Inu price is facing profit-taking slightly above $0.0000062, as the tussle between bears and bulls continues. The broader crypto market is showing mixed price action on Saturday, with the majority of crypto assets largely in the red. Shiba Inu was down 1.45% in the last 24 hours to $0.000006273. Wednesday's Federal Reserve decision to hold the federal funds rate steady seems to be weighing on the market. CoinGlass data shows $125 million in 24-hour liquidations across the crypto market, with the majority of this figure being long positions expecting further increases in price. In the case of Shiba Inu, liquidity remains subdued as traders exit positions. In recent hours, long and short liquidations came to $0.
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