Shiba

Shiba Inu

Raise

Higher

Phantom

What to Know 
<ul>
 <li>Massive SHIB exchange inflows intensified bearish market sentiment significantly today.</li>
 <li>Exchange reserves climbed as investors repositioned holdings amid mixed activity.</li>
 <li>Weak technical indicators kept buyers under pressure despite modest network.</li>
</ul>
More than 493 billion<a href="https://36crypto.com/shiba-inu-shib-extends-2026-slump-with-june-set-to-become-worst-month/" rel="noopener noreferrer nofollow"> Shiba Inu</a> tokens have moved onto cryptocurrency exchanges, increasing concerns that selling pressure could build as SHIB continues trading near its lowest levels of the year. The latest on-chain data also shows exchange reserves climbing, adding another bearish signal while the token struggles to regain important technical levels. 
Exchange inflows remain among the most closely watched blockchain metrics because they often indicate that investors are moving assets to platforms where they can be sold. Although inflows do not always trigger immediate liquidation, the latest activity comes while SHIB continues trading below major resistance levels and key moving averages. 
Moreover, the token recently lost a multi-month consolidation pattern. It also failed to hold a smaller ascending triangle that had briefly supported hopes of a recovery. Consequently, the broader technical structure continues to favor sellers. 
Also Read: <a href="https://36crypto.com/phantom-strengthens-hyperliquid-trading-with-ventuals-team-hire/" rel="noopener noreferrer nofollow">Phantom Strengthens Hyperliquid Trading With Ventuals Team Hire</a> 
<h2 id="exchange-reserves-increase-as-investors-reposition-holdings">Exchange reserves increase as investors reposition holdings</h2>
Recent on-chain <a href="https://cryptoquant.com/asset/shib/summary" rel="noopener noreferrer nofollow">data</a> shows that exchange inflows exceeded 493 billion SHIB during the latest reporting period. Meanwhile, exchange outflows reached roughly 585 billion tokens, highlighting continued movement by large holders in both directions. 
However, exchange reserves have also climbed to approximately 86.9 trillion<a href="https://36crypto.com/shiba-inu-shib-extends-2026-slump-with-june-set-to-become-worst-month/" rel="noopener noreferrer nofollow"> SHIB following a notable</a> increase over the past several days. Higher reserves generally indicate that more tokens are available on trading platforms, potentially increasing supply if investors decide to sell. 
Additionally, the simultaneous rise in inflows and outflows suggests that investors are following different strategies. Some holders continue withdrawing SHIB into private wallets, reducing immediate selling pressure. Others, however, are transferring substantial amounts to exchanges, creating uncertainty over the token’s near-term direction. 
<h2 id="technical-outlook-remains-under-pressure">Technical outlook remains under pressure</h2>
Network activity has improved slightly, with active wallet addresses and transaction counts recording modest gains. Nevertheless, those improvements remain too limited to offset SHIB’s weakening technical picture. 
The token continues trading below its 50-day, 100-day, and 200-day moving averages, reinforcing the broader bearish trend. Buyers must absorb the additional exchange supply while reclaiming those important resistance levels to improve market sentiment. 
<div id="attachment_74224" class="wp-caption alignnone"><img src="https://36crypto.com/wp-content/uploads/2026/07/image_4513-400x253.webp" alt="shiba" width="1251" height="792" title="Half-Trillion SHIB Heads to Exchanges as Rising Reserves Raise Selling Pressure 1">
 Source: <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">Tradingview</a>
</div>
On-chain data suggests accumulation and distribution are taking place simultaneously. Until demand strengthens and SHIB recovers above its major moving averages, the growing exchange supply is likely to remain a key indicator for traders monitoring the token’s next move. 
Also Read: <a href="https://36crypto.com/twelve-labs-secures-100m-to-expand-ai-video-models-through-aws-partnership/" rel="noopener noreferrer nofollow">Twelve Labs Secures $100M to Expand AI Video Models Through AWS Partnership</a> 
The post <a href="https://36crypto.com/half-trillion-shib-heads-to-exchanges-as-rising-reserves-raise-selling-pressure/" rel="noopener noreferrer nofollow">Half-Trillion SHIB Heads to Exchanges as Rising Reserves Raise Selling Pressure</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Half-Trillion SHIB Heads to Exchanges as Rising Reserves Raise Selling Pressure

Table of Contents

36crypto

Other articles published on Jul 1, 2026

Join our free newsletter for daily crypto updates!