$380M in SHIB on Exchanges: Will Price Bounce?

Massive SHIB Stash Sitting on Crypto Exchanges

Have you ever wondered how much Shiba InuSHIB-0.69% is sitting ready to be traded on central exchanges? On-chain data from analytics platform CryptoQuant reveals that approximately 86.04 trillion SHIB tokens are currently held on exchange balance sheets.

At current market valuation, that huge pile of tokens is worth around $382.87 million.

This $380 million mark has served as a baseline level for exchange holdings over the past year. It represents the immediate liquid supply available for sale if token holders decide to trade.

What Happens If That SHIB Is Sold All at Once?

It is important to understand how market liquidity works when looking at large cryptocurrency holdings. If a single entity or group attempted to market-sell 86 trillion SHIB at once, they would not receive $382 million.

Because order books have limited depth, a sudden massive sell-off would quickly cut through existing buy orders. Market estimates suggest sellers would be lucky to fetch even one-third of that nominal valuation before driving the token's price down sharply.

Compared to institutional liquidity standards, Shiba Inu's order book remains relatively thin. The vast majority of SHIB holders are regular retail investors, making the market sensitive to sudden supply changes.

Daily Exchange Flows: Steady Movement in the Market

Looking at recent daily activity, net flows showed a slight negative trend on exchanges over a 24-hour period:

• Outflows: 333.7 billion SHIB moved off exchanges to external wallets
• Inflows: 326.2 billion SHIB deposited onto exchanges
• Netflow: A net reduction of roughly 45.5 billion SHIB on exchanges

In dollar terms, this net outflow amounts to less than $200,000. These daily movements reflect routine trading habits—such as users transferring tokens to self-custody or sending smaller batches to sell—rather than a major market trend.

Technical Analysis: Key Support Levels and Indicators

SHIB is currently trading around $0.00000444, sitting below all of its major exponential moving averages (EMAs).

Here is how the main chart indicators are shaping up:

• Broken Trendline: The ascending trendline that supported SHIB since July was broken in mid-October, leading to further price corrections.
• Heavy Resistance: The 200 EMA acted as a strong ceiling that capped upside momentum during recent recovery attempts.
• Relative Strength Index (RSI): The RSI stands near 37, indicating bearish pressure without reaching fully oversold territory.
• Trading Volume: Trading volume sits near multi-month lows, signaling a current lack of strong buying activity.

Market Scenarios: Can SHIB Defend Support?

A natural price rebound typically requires a notable increase in trading volume, which has not yet materialized across the market.

The critical level to watch is $0.00000413, which served as a major turnaround point back in July where buy orders may be clustered.

Under a bullish scenario, if buyers step in to defend the $0.00000413 level with a noticeable surge in market volume, SHIB could attempt a technical recovery toward higher resistance levels. However, under a bearish scenario, if market demand remains weak and $0.00000413 fails to hold as support, the technical chart lacks clear demand zones immediately below it, exposing the asset to potential further downside risk.

Past performance of digital assets is not an indicator of future results. Investors should always analyze risk parameters and market volatility carefully. For historical asset performance and market details, visit bitkub.com/th/market/SHIB.