Shiba Inu Returned to 85 Trillion Tokens on Exchanges

Exchange reserves of Shiba Inu (SHIB) at the beginning of November fell to approximately 85.84 trillion tokens. According to the latest network data, they amount to 85.8432 trillion – an increase of only 0.01% over 24 hours. However, reserves have noticeably decreased over the week, indicating a significant withdrawal of SHIB from trading platforms.

Why 85 trillion matters

A decrease in reserves usually means that fewer tokens are available for sale on exchanges. When investors transfer SHIB to private wallets, the supply on centralized platforms decreases. This does not guarantee a price recovery but can improve the supply picture. Currently, reserves are estimated at approximately $397.45 million – down 1.69% for the day. The net inflow to exchanges is positive, around 10.94 billion SHIB, so short-term seller pressure remains.

Technical outlook

The supply is improving, but the chart remains bearish. On the daily chart, SHIB/USDT is trading around $0.00000463 after breaking the ascending support line. It is also below several important moving averages, indicating that sellers control the overall structure. The nearest resistance is 0.00000500–0.00000530, with the next potential support zone at 0.00000440–0.00000450.

If demand begins to recover, the reduction in exchange supply could play a more significant role. But for now, the 85 trillion mark is a constructive signal in the network, not a confirmed upward reversal. A more convincing scenario requires continued token withdrawals from exchanges, increased buying, and a return above key resistances.