Shiba Inu printed a death cross on its hourly chart this week, a technical signal that emerged amid a broader crypto market sell-off. Over $441 million in trading positions were liquidated overnight, putting pressure across digital assets. The pattern formed as the 50-period moving average dropped below the 200-period moving average on the one-hour timeframe, a classic bearish signal that often precedes further short-term downside.

The sell-off followed the year’s largest options expiry event for Bitcoin and Ethereum. Roughly $14 billion worth of Bitcoin options expired Friday, measured by open interest. Traders shifted to defensive positions ahead of and after the expiry, contributing to the broad market weakness. Investor…