On-chain data shows that the token reserves of Shiba (SHIB) on exchanges have risen to approximately 82 trillion tokens, indicating potential selling pressure as the price has retreated from a recent high above $0.000009. Exchange net inflows are positive, derivatives trading activity has decreased, and open interest has dropped by over 7% to about $108 million, all of which are consistent with bearish sentiment. However, large transactions over $100,000 have surged by 111%, indicating that a significant number of holders are still actively participating. SHIB is currently trading at approximately $0.00000864.