The significant reduction in shib held on centralized exchanges (below 82 trillion threshold) suggests a move towards self-custody and longer-term holding by investors, potentially reducing immediate selling pressure. however, the overall market trend and technical pressure still weigh on the price.
The analysis is based on on-chain metrics from cryptoquant reported by u.today, a reputable crypto news source, indicating a clear behavioral shift among holders.
Despite the positive long-term holding signal, shib is currently experiencing a wider downward trend, hitting fresh local lows. the article explicitly states 'shib is continuing its wider downward trend' and 'technically, there is still pressure on the asset'.
The shift to self-custody is a long-term indicator, suggesting holders are 'positioning for longer-term storage rather than immediate selling'. this could aid in price stabilization once broader market conditions improve, rather than providing immediate recovery.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News On-chain behavior changing Retailers getting active Advertisement Shiba Inu is still having trouble on the market, but at least funds have started moving away from exchanges. After failing to hold multiple technical support zones, SHIB is continuing its wider downward trend. Fresh local lows were reached by the token in recent sessions, and it briefly dropped close to the $0.000006 region as selling pressure persisted throughout the meme coin market. On-chain behavior changing On-chain metrics, however, are starting to reveal a more subtle change in holders' behavior beyond price action. One significant change is that fewer tokens are now being held on centralized exchanges as exchange reserves have dropped below the crucial 82 trillion SHIB threshold . Declining exchange balances in the past have frequently indicated that coins are shifting from exchanges into private wallets, which is frequently taken to mean a move toward self-custody or longer-term holding. HOT Stories Rippleās CTO Emeritus Defends XRP Genesis Against Centralization Claims Crypto Market Review: Shiba Inu (SHIB) out of Hell, Moment Ethereum (ETH) Investors Have Waited For, Dogecoin (DOGE) Zero Added Source: CryptoQuant Other exchange metrics lend credence to this notion. While exchange outflow metrics have recently increased, netflows display the times when coins have left exchanges. Network velocity and active addresses, on the other hand, stay largely constant, indicating that despite poor price performance, the ecosystem is still growing. Advertisement Retailers getting active On the surface, this might appear to be a wave of withdrawals driven by retail, in which smaller holders transfer money into personal wallets when the market is volatile . But the circumstances are probably more complicated. Not all exchange outflows directly reflect the choices of retail investors because large holders and custodial platforms frequently transfer assets between storage solutions for operational or security reasons. You Might Also Like Tue, 02/10/2026 - 12:06 Cardano Launches 'Major' Mainnet Upgrade, Triggers 30% Faster Sync By Godfrey Benjamin Going forward, SHIB's price trajectory is still largely influenced by the mood of the overall market. Technically, there is still pressure on the asset, and if the current support breaks, even more decline is not ruled out. However, dwindling exchange reserves can also lessen the supply of goods available for sale right away, which could aid in price stabilization after general market conditions improve. Advertisement In other words, on-chain indicators imply that holders might be positioning for longer-term storage rather than immediate selling, even though SHIB's chart still shows weakness. It will be determined by how the larger cryptocurrency market develops over the next few weeks whether this ultimately encourages recovery or just signals caution. #Shiba Inu #Shiba Inu (SHIB) Price Prediction