What to Know
- Shiba Inu exchange reserves have reached 86.04 trillion SHIB, valued at approximately $382.87 million, raising concerns about market liquidity.
- Exchange withdrawals reached 333.7 billion SHIB against 326.2 billion in deposits, indicating relatively balanced trading activity despite broader market weakness.
- SHIB trades near $0.00000444, with declining volume and bearish technical indicators placing the critical $0.00000413 support level under pressure.
Shiba Inu faces mounting selling pressure as exchange reserves reach 86.04 trillion SHIB, while its price approaches an important support level. According to CryptoQuant data, centralized exchanges hold approximately $382.87 million worth of SHIB, raising concerns about available market liquidity.
Meanwhile, SHIB trades around $0.00000444, with declining trading volume and weakening technical indicators limiting its recovery prospects. Exchange movements also reveal ongoing investor activity, although relatively balanced deposits and withdrawals suggest limited changes in overall selling pressure.
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Shiba Inu Exchange Reserves Raise Liquidity Concerns
CryptoQuant figures indicate that cryptocurrency exchanges collectively hold approximately 86.04 trillion SHIB, representing a substantial portion of tradable supply. Despite their considerable value, these holdings do not guarantee equivalent liquidity because large sell orders could overwhelm existing buying demand.
Consequently, investors attempting to liquidate substantial positions could receive significantly less than the estimated market value of their holdings. This concern reflects Shiba Inu’s retail-dominated investor base, where trading activity remains sensitive to broader cryptocurrency market conditions.
Exchange flow figures reveal withdrawals of approximately 333.7 billion SHIB, compared with deposits totaling 326.2 billion tokens. These transactions indicate net withdrawals of approximately 7.5 billion SHIB, despite separate figures showing negative netflows of 45.5 billion. Nevertheless, the relatively small difference between deposits and withdrawals suggests limited immediate changes in exchange selling pressure.
SHIB Price Approaches $0.00000413 Support as Bearish Momentum Persists
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Shiba Inu’s technical outlook remains bearish after the cryptocurrency broke below its ascending support trendline during October. The breakdown weakened a recovery structure established in July, leaving SHIB trading beneath its major moving averages.
Additionally, the 200-period exponential moving average remains an important resistance barrier that has restricted previous recovery attempts. The relative strength index stands near 37, indicating persistent bearish momentum without confirming oversold market conditions.
Source: TradingView
Trading volume has also declined toward its lowest levels in months, reflecting weaker participation among market buyers. Meanwhile, analysts identify $0.00000413 as critical support because SHIB previously recovered from this price level in July.
A breakdown beneath this level could expose the cryptocurrency to further losses, particularly without stronger buying demand. Shiba Inu’s recovery prospects depend on renewed trading activity and buyers defending established support against persistent selling pressure.
