A significant outflow of 289 billion SHIB tokens from exchanges has been recorded, reducing exchange reserves from 85.5 trillion to 81.9 trillion. This movement, tracked by CryptoQuant, suggests a trend of long-term accumulation and decreased selling pressure. SHIB is currently trading at $0.0000100 within a descending wedge pattern. Analysts highlight that such reductions in exchange balances often align with bullish market sentiment and potential price stabilization.