With over 1.5 million custodians worldwide, Shiba Inu is among the most demanded assets in Dubai’s top crypto exchange.
Bybit just delivered their 25th crypto reserve audit series, disclosing a massive Shiba Inu (SHIB) position. With over 2.94 trillion SHIB allocated to the popular crypto exchange’s name, Bybit is a major player in SHIB trading, also offering 1% APY on the asset on Bybit Earn.
Bybit Raises SHIB Stake, But Holders Tend To Go DeFi
As of the snapshot on August 14, 2025, other digital assets of notable size include 58.9K of BTC, rising 5.61% since the last check. Ether’s (ETH) reserves on Bybit grew the most, rising 6.59% to 604K ETH. On the other hand, USDT stablecoin saw a massive exchange reserve plunge due to incompatibility with MiCA’s regulations & legal scrutiny in several other regions.
But are exchange reserves plunging a bearish signal? Not in Shiba Inu’s (SHIB) case. On the contrary, Shiba Inu’s (SHIB) upward price movement sometimes directly correlates with a drop on centralized exchanges (CEXs).
That’s because long-term crypto holders tend to switch to decentralized self-custodial wallets instead of keeping it on exchange accounts, lowering the chances of a sell-off. Indeed, SHIB’s exchange reserves have been gradually plummeting since the all-time high in 2022, but a steady decline was seen earlier this year.
This came along with Shiba Inu’s (SHIB) uptick towards $0.000033, close to topping the yearly pinnacle achieved in April, 2024. Right now, there’s 85.24 trillion SHIB left on exchanges, while there’s 584 trillion SHIB tokens remaining in circulation.
Deflationary Tactics On SHIB Precede a 540% Rally?
Along with Shiba Inu’s (SHIB) burns, this could significantly deflate the dog-embossed meme coin, which wasn’t too scarce originally due to 999 trillion tokens issued. If the deflationary tactics persist, analysts eye $0.000081 as a plausible target, which would take SHIB near to the all-time high scored over four years ago, per CoinGecko.
For that to happen, Shiba Inu’s (SHIB) $0.000012 key support levels have to play out inside the right shoulder of the Inverse Head ‘n’ Shoulders structure, portrayed by Javon Marks in the graphic above. In a bearish scenario, this bullish pattern would not work on SHIB if the meme currency adds another zero to its current market value.
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