The SHIB reserve on the exchanges, one of the closely monitored on-chain indicators of the Shiba Inu ecosystem, has reached the level of 82 trillion SHIB again. Despite the fluctuating outflows and accumulation moves in recent months, looking at the current exchange reserve and net flow data, approximately 81.9 to 82.3 trillion SHIBs are currently held in central exchanges. When this level is approached again, there is a noticeable change in the supply balance.
Is SHIB stock on the stock market increasing selling pressure?
The high amount of SHIB held in stock exchanges is generally interpreted as increasing selling pressure in the market. When investors transfer significant amounts of assets to stock markets, the reasons for this are often to move liquidity, reduce risk or take profits. In the past, there were times when the SHIB reserve exceeded the 82 trillion level during periods of low price momentum and intense distribution.
However, the current situation is not limited to a negative signal. There have also been notable outflows from stock markets in recent weeks, and net flow data remains mixed. While some analysts state that long-term investors still continue to accumulate despite the large amount of reserves, others evaluate the return to the 82 trillion level as sellers regaining control in the short term.
Balanced but fragile outlook on technical indicator
This uncertainty is clearly observed in the graphic analysis. SHIB had experienced sharp declines for several months before establishing a stable accumulation base in March and April. Then, a triangle structure emerged where the horizontal resistance point was located between $0.0000064 and $0.0000065 and a rising support level was formed at approximately $0.0000060.
However, it seems that the buyers have not been able to show a strong upward momentum as the price has not been able to stay above the resistance recently and has shifted down again. The Relative Strength Index (RSI), on the other hand, remains close to neutral levels rather than falling into the oversold region. So SHIB is still trading above the ascending support line and the 20-day moving average, largely maintaining the current momentum. This indicates that the market trend has not completely reversed.
82 trillion SHIB supply ceiling and possible scenarios
It is stated that the most significant pressure on SHIB in the current situation is caused by extremely high supply. The fact that there are over 82 trillion SHIBs in the stock markets shows that the selling pressure on price increases may continue unless there is a meaningful increase on the demand side.
A clear break above $0.0000065 could push the price back towards the 200-day average near $0.0000075; If the $0.0000060 level, which is seen as support, is lost, the positive structure gained by SHIB may become invalid and a horizontal trend that may last for a long time may begin in the price.
The fact that the amount of SHIB held in the stock exchanges exceeded the 82 trillion level again indicates both new sales pressure and the market’s continued search for direction.
