Shiba Inu Approaches Critical 82T SHIB Level as Exchange Reserves Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Reserve Growth Trend: Shiba Inu's exchange reserves are steadily rising, approaching the historic pressure zone of 82 trillion SHIB, a level that typically aligns with sustained selling pressure, potentially prompting defensive positioning from market participants.
- Market Dynamics Shift: SHIB deposits to exchanges continue to outpace withdrawals, indicating that market participants may be preparing for selling or risk management, thereby increasing liquidity and reflecting a trend more aligned with distribution than accumulation.
- Price Behavior Analysis: Despite a recent rebound, SHIB remains below key long-term moving averages, and as it approaches historical resistance zones, selling pressure typically intensifies, which could lead to price pullbacks.
- Risk Warning: Should exchange reserves decisively surpass 82 trillion SHIB and remain elevated, the market may face gradual declines or sharp pullbacks, as the current supply-demand dynamics suppress sustained upside momentum.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
