Shiba Inu remains under intense bearish pressure, but fresh on-chain data shows exchange reserves have shrunk massively from 82 trillion last month.
The rapid decline in Shiba Inu’s exchange reserve has sparked debate over how the shift could influence SHIB’s price action.
Key Points
- Shiba Inu remains under intense bearish pressure even as on-chain metrics are improving.
- The token’s exchange reserve has declined from above 82 trillion to roughly 81.35 trillion SHIB in just weeks.
- If the reserve continues to shrink, reduced sell-side liquidity could support a potential trend reversal
- SHIB trades near the critical $0.0000056 support, where analysts anticipate a possible rebound. But broader market weakness could still drive prices lower
Shiba Inu Exchange Reserve Loses 82T Threshold
For months, centralized exchanges held about 82 trillion SHIB, a level many analysts argued created persistent sell pressure, as the tokens were readily available for sale. As of January 26, centralized exchanges held roughly 82.066 trillion SHIB.
However, recent CryptoQuant data shows that the reserve has fallen to 81.357 trillion SHIB. This indicates that investors have withdrawn about 709 billion SHIB from exchanges over the past two weeks. Notably, the metric declined by 0.01% in the past 24 hours, with 8.13 billion SHIB leaving exchanges during that period
Shiba Inu exchange reserve## Retail-Driven?
Following the sharp drop in exchange reserves, many market participants argue that retail investors are growing more bullish on SHIB and withdrawing tokens for long-term holding. However, the situation remains more nuanced, as not all exchange outflows stem from retail activity.
Notably, whales and exchanges themselves can also influence the metric by transferring funds to cold storage.
Nonetheless, consistent outflows often reflect a stronger preference for holding rather than short-term trading. As a result, the reduced supply available for immediate sale could ease sell-side pressure and improve supply-demand balance
If the trend continues, it could support price stabilization and trigger a bullish reversal. Yet, broader market sentiment and macroeconomic conditions will remain decisive in shaping SHIB’s next move
SHIB Remains Under Bearish Pressure
In the meantime, Shiba Inu remains subjected to intense bearish pressure, alongside the broader crypto market. It has plunged below the $0.000006 mark and now trades at $0.000005851, reflecting a 24-hour decline of 2.33%
Despite the recent pullback, Shiba Inu continues to trade above its key $0.0000056 support level. Notably, this zone has served as a strong foundation for SHIB over the past few years, triggering multiple rebounds. As a result, many analysts expect a similar bounce from this level.
However, since SHIB closely tracks the broader market’s performance, it could slide further if the market suffers another sharp downturn similar to the February 5 crash
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Gerelateerde artikelen
Shytoshi Kusama Returns to X After 13-Day Silence, Announces Saturday Community Discussion as SHIB Slides 1.8%
Gate News message, April 23 — Shytoshi Kusama, lead ambassador of the Shiba Inu ecosystem, returned to X today after a 13-day silence that began on April 9. He confirmed a scheduled community discussion for Saturday, signaling new developments ahead. His updated bio now reads: "Next up: Let's set a
GateNews3u geleden
Shiba Inu Breakout Gains Strength as Volume Surges
Key Insights
Shiba Inu’s breakout above the triangle pattern gains strength as rising volume and higher lows confirm growing demand and a sustained bullish market structure shift.
Derivatives activity jumps significantly with volume surpassing $249 million while open interest rises,
CryptoNewsLand3u geleden
SHIB Faces Rising Sell Pressure After 400B Token Inflows
Shiba Inu faces selling pressure as exchange reserves climb to ~81.5T SHIB and net inflows exceed 400B SHIB, with price trapped under resistance amid low volatility and muted market participation.
Abstract: This analysis notes SHIB's current market dynamics, highlighting exchange reserves near 81.5 trillion SHIB and net inflows over 400 billion SHIB, signaling rising distribution as holders prepare to sell. Prices remain below key resistance with low volatility and subdued volume, pointing to weak short-term momentum. The combination of larger inflows and outflows indicates strategic repositioning rather than accumulation, while broader market constraints limit upside. Overall, the outlook remains cautious with downside risk in the near term.
CryptoNewsLand4u geleden
SHIB Market Shift Intensifies as 82.5B Tokens Leave Exchanges
SHIB sees 82.5 billion tokens leaving exchanges, signaling reduced immediate selling pressure.
Exchange flows remain mixed, showing cautious sentiment between buyers and sellers.
Price stays stable, suggesting market indecision and possible early accumulation phase.
Shiba Inu has
CryptoNewsLand14u geleden
SHIB Market Shift Intensifies as 82.5B Tokens Leave Exchanges
SHIB sees 82.5 billion tokens leaving exchanges, signaling reduced immediate selling pressure.
Exchange flows remain mixed, showing cautious sentiment between buyers and sellers.
Price stays stable, suggesting market indecision and possible early accumulation phase.
Shiba Inu has
CryptoNewsLand14u geleden
Shiba Inu Open Interest Surges 13.45% in 24 Hours as Futures Activity Accelerates
SHIB open interest rose 13.45% to $69.79M with price up ~3% to $0.000006231. Futures inflows higher; volumes surged. Technicals show 50-day MA support, RSI 55, MACD bullish; potential move beyond 0.000010.
Abstract: This report reviews SHIB market activity on Gate News as of April 22. SHIB open interest rose 13.45% to $69.79 million, with the price up about 3% to $0.000006231. Futures inflows exceeded outflows and total volumes rose, while spot and futures taker data showed mixed biases. Technically SHIB found support near the 50-day MA, RSI sits at 55, and the MACD turned positive, signaling a potential breakout and a possible rally beyond the $0.000010 level after a confirmed channel breakout.
GateNews04-22 18:52
