SHIB Exchange Reserves Return to 85.84 Trillion Tokens in Early November

Reserves Thin Out in Early November

Shiba Inu (SHIB) exchange reserves dropped back to about 85.84 trillion tokens as November opened, returning platform-held supply to a level on-chain observers read as healthier for the token's distribution. On-chain data puts the reserve figure at 85.8432 trillion tokens, up just 0.01% over the 24 hours to the reading. The weekly record is sharper: reserves declined noticeably across the seven days before the measurement, a stretch in which a sizable block of SHIB left centralized trading platforms. That slide extends a move documented when the reserve first hit 85 trillion tokens.

The Shiba Inu memecoin has not escaped the selling: over the last 24 hours it is down 0.6%. The Shiba Inu price stands near $0.00000465 at the time of writing, up 0.2% since the reserve reading. Tokens still parked on exchanges carried a combined value of roughly $397.45 million at the reading, down 1.69% on the day, with the dollar figure tracking both the outflow and the dip in price. Exchange netflow, the net of tokens moved onto platforms against tokens moved off, stayed positive at about 10.94 billion Shiba Inu (SHIB). That is the counterweight to the reserve story: deposits still outpace withdrawals over the short window, so ready selling capacity has not gone away.

Reserve metrics are built from on-chain balances tagged to known exchange wallets, where tokens sit in hot wallet infrastructure until traders sell them. When holders shift SHIB into self-custody, the pool a single wave of market selling could draw on shrinks. The metric matters because reserves act as the standing inventory behind sell orders: the deeper that inventory, the more supply an aggressive seller can unload before the price moves. The reading was published around midday UTC on Monday, giving the figures a same-day stamp for the new month.

Live signals frame the same cautious picture. At the latest reading the relative strength index stood at 36.30, the MACD signal was bearish, and COINOTAG's composite trend reading flagged a downtrend for Shiba Inu (SHIB). Positioning is small rather than aggressive: funding on perpetual futures ran at -0.0006%, a rate at which shorts pay longs, while open interest totaled $8.47 million. Sentiment measured 37/100 on the Fear & Greed Index, inside fear territory. None of that blocks a supply improvement from mattering later; it does confirm that demand, not supply, is the binding constraint while the reserve drawdown builds.

Withdrawals Shrink the Sellable Pool

Through the past week the withdrawals have changed where SHIB can be sold, even though they have not yet changed how it is priced. Fewer tokens sitting on exchanges means less standing supply when a selling wave hits, and moving SHIB into private wallets removes it from venues where it can be dumped instantly. That makes the supply picture more favorable without, by itself, promising a recovery. The order of operations matters: reserve drawdowns tend to do their work when buyers return, because with less SHIB available on venues the same wave of demand has to bid into a thinner market, and that is where supply and price finally meet.

The daily chart keeps the pressure visible. SHIB slipped below its ascending support trendline and now trades under several key moving averages, a structure in which sellers still control the broader trend. Immediate resistance runs from $0.00000500 to $0.00000530, while the next potential support zone sits at $0.00000440 to $0.00000450, just under the $0.00000460 breakdown flagged in earlier coverage. A close back above the resistance band would be the first chart confirmation that the supply shift is reaching demand; the full SHIB technical analysis tracks how those levels evolve. On the demand side, earlier tracking counted 147,593 new holders in 2026. Leverage already punished the long side on the way down, after $12.9M of long liquidations, so any demand recovery starts from a deleveraged base.

A convincing turn, on this evidence, still needs three things in sequence: continued exchange withdrawals, stronger buying at current levels, and a reclaim of the key resistance band. The withdrawal trend has now run for roughly a week, and the reserve pool sits near 85.84 trillion tokens with November under way. The supply side of the ledger has started to lean toward holders. Price has yet to follow.