Shiba Inu (SHIB) held on cryptocurrency exchanges totals about 86.04 trillion tokens, data showed.

U.Today, a blockchain outlet, reported on Nov. 11 that CryptoQuant put exchange-held Shiba Inu at about $382.87 million.

Exchange reserves are a gauge of supply that could come to market. However, the current valuation does not mean the amount that can be recovered in an actual sell-off. If a large amount hits the market at once, it can eat through buy orders and push execution prices lower.

Relatively thin liquidity is also a burden. Many Shiba Inu holders are retail investors, meaning price swings from large inflows or selling could grow sharper.

More tokens moved out of exchanges than into them over the past 24 hours. Net outflows totalled about 45.5 billion tokens. Over the same period, outflows were 333.7 billion tokens and inflows were 326.2 billion tokens.

Price action is also staying weak. Shiba Inu is trading at $0.00000444, below major moving averages. It rebounded in line with a broader market rise, but slid quickly as sentiment reversed. An uptrend line that had supported the price since July broke in mid-October.

In the market, some analyses cite the failure to break above the 200-day exponential moving average as a sign that downside pressure is stronger than in October. The relative strength index is around 37, indicating weakness, but it has not yet reached oversold levels. Volume is also at its lowest in recent months, pointing to a lack of buying support for a rebound.

The key is whether buying can hold $0.00000413. If that level breaks, the chart shows no clear lower support line, which adds to the burden. With exchange reserves, thin liquidity and weak volume combining, whether support holds is expected to shape the short-term trend.