Shiba Inu exchange reserves are nearing a major on-chain milestone, with holdings just below 87 trillion $SHIB. The latest data shows approximately 86.9973 trillion tokens in exchange-linked wallets, leaving a gap of about 2.7 billion $SHIB. Relative to the total reserve, that difference is negligible.
Rising exchange reserves could pressure $SHIB
Shiba Inu exchange reserves could move above 87 trillion without any extraordinary transfers. Reserves increased by a further 0.04% over the past 24 hours, but that rise would not necessarily be bullish for $SHIB.
Exchange reserves measure the amount of an asset held in wallets associated with cryptocurrency exchanges. Sustained growth generally means more tokens are immediately available for trading and potential selling. Conversely, declining reserves can indicate that tokens are moving into private custody.
Current flow data also favors exchanges. Total $SHIB inflows stand at 271.53 billion tokens, compared with outflows of 222.25 billion. This leaves netflow positive at approximately 34.47 billion $SHIB.
Some conflicting signals remain. The seven-day moving average of mean exchange outflows has declined 40.62% to roughly 502.1 million $SHIB. Although total outflows increased by 0.5%, the ordinary mean outflow rose by 0.51%. This suggests there is no significant withdrawal wave capable of rapidly reducing exchange reserves at present.
Shiba Inu price remains near key support
The 87 trillion reserve threshold is particularly important because of recent $SHIB price action. After recovering from the $0.000005 region, Shiba Inu is trading at approximately $0.00000518. That price is close to both the shorter-term average at $0.00000501 and the 100-day EMA at $0.00000498.
$SHIB has therefore maintained its immediate technical support, although upside momentum remains limited. The Relative Strength Index is near 54, pointing to neutral-to-moderately bullish momentum rather than an overheated market.
The 200-day EMA at $0.00000570 remains the more significant resistance level. A recent move above that threshold was quickly rejected. Selling pressure could become more difficult to absorb if exchange reserves firmly exceed 87 trillion while inflows continue to outpace outflows.
For now, the 87 trillion level is primarily psychological. The more important factor will be whether reserves continue rising after the threshold is crossed while $SHIB struggles to move decisively away from $0.000005.
Source: cryptonews.net
