Shiba Inu Exchange Reserves Hit 2-Year Low—Is ‘Uptober’ Rally Next?

Sean Williams
Shiba Inu (SHIB)

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  • SHIB exchange reserves have fallen to 84.55 trillion, the lowest since 2023.
  • Reduced reserves may signal lower selling pressure and accumulation by long-term holders.
  • October historically favors SHIB, with average gains of 213% in past years.

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Shiba Inu (SHIB) is showing signs of a fresh bullish setup as its exchange reserves have plummeted to 84.55 trillion tokens, marking the lowest levels seen since 2023. Crypto analysts suggest that this decline could signal reduced selling pressure and lay the groundwork for potential gains in October, a month historically favorable for the meme token.

Fewer Tokens on Exchanges Could Signal Strength

According to CryptoQuant data highlighted by analyst Zayn, SHIB’s exchange reserves have steadily declined from 190 trillion in January 2023 to just 84.49 trillion today. The trend indicates that more tokens are moving into self-custody and staking, rather than sitting on centralized exchanges.

“This pattern often precedes accumulation phases,” Zayn noted, pointing out that long-term holders are likely strengthening their positions. With fewer tokens available for immediate sale, SHIB could be positioned for upward momentum once buying pressure increases.

Uptober Could Trigger the Next Rally

Technically, Shiba Inu is trading around $0.000011, just below a descending resistance trendline. Zayn suggested that a breakout above this level could spark a wider “Uptober” rally. Historically, October has been a strong month for SHIB, with the token posting average gains of 213% in previous Octobers and notable all-time highs, including $0.00008845 in October 2021.

Even in weaker years, SHIB has recorded positive returns in October: 10.4% in 2022 and 6.04% in 2023. Analysts and traders are closely watching to see if history will repeat itself as Q4 2025 begins.

Also Read: Shiba Inu Price Analysis: $0.0000115 Support Holds as Bulls and Bears Battle

Shiba Inu’s Performance Remains Mixed

Despite the promising setup, Shiba Inu has yet to fully capitalize on the broader crypto market rally. The token briefly reached $0.000012 before pulling back to $0.00001187 at the time of writing. While this does not guarantee a breakout, the combination of lower exchange reserves and historical trends makes SHIB a coin to watch in the coming weeks.

With exchange reserves at multi-year lows and a historically bullish October approaching, Shiba Inu could be gearing up for a significant accumulation phase. Investors are keeping a close eye on breakout levels, signaling that SHIB may be poised for renewed momentum if buying pressure increases.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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