Bitcoin Supply Hits All-Time Low, Sets Stage for Historic Dramatic BTC Price Surge

2023-11-17 10:47

According to a recent post by crypto analyst @moonoverlord, the supply of Bitcoin across all exchanges has hit an all-time low. This scarce supply, combined with impending demand drivers, could catalyze a dramatic surge in Bitcoin prices.

Impending Bitcoin Spot ETF Approval

The pending approval of a Bitcoin spot ETF by the SEC could drive increased demand for actual Bitcoin to back the ETF shares. As @moonoverlord explains: “If firms like Ishares and Ark Invest buy $1M of Bitcoin from their elected exchange which is Coinbase, they need actual $BTC to back the ETF shares.” With Bitcoin supplies on exchanges at extreme lows, this new demand could lead buyers to pay higher prices to acquire the scarce asset.

Upcoming Bitcoin Halving Further Constraining Supply

The Bitcoin halving, which occurs approximately every 4 years, will take place in just 157 days. @moonoverlord notes that historically, Bitcoin prices have surged dramatically in the 12 months following each halving event: +7,745% in 2013, +460% in 2017, +670% in 2021

With the market already anticipating the typical post-halving price pump, dwindling exchange supplies could exaggerate the move.

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In light of these impending supply and demand dynamics, @moonoverlord ends with a call-to-action for retail investors: “So now, will you sell your Bitcoin to the whales or #HODL it for generational wealth?” With exchange supplies drying up, holders refusing to sell could exacerbate the impending supply squeeze.

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The post Bitcoin Supply Hits All-Time Low, Sets Stage for Historic Dramatic BTC Price Surge appeared first on CaptainAltcoin.

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bitcoin supply surge dramatic low all-time scarce

Источник: captainaltcoin.com

bitcoin supply → Результатов: 126


Фото:

Bitcoin (BTC) sell pressure eases as M2 money supply flips, former BitMEX CEO sees gradual recovery

There are signs that Bitcoin (BTC) is headed for potential relief from the selling pressure it has faced in recent weeks. The M2 money supply, a crucial economic indicator, has flipped positive for the first time since November 2022, hinting at a shift in investor sentiment towards assets like Bitcoin. In addition, prominent crypto market […]

2024-5-4 14:12


Фото:

Bitcoin HODLers Grows As Significant Supply Remains Locked

Despite a larger portion of Bitcoin’s total supply being “inactive” for over a year, recent data revealed impressive growth in investors holding on to their BTCs during the rally. Bitcoin HODLing Yawns For Growth With Lesser Supply On Wednesday, November 15, a crypto analyst known as Root took to his official X (formerly Twitter) handle to share valuable data concerning Bitcoin.

2023-11-17 19:00


Фото:

This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment

On-chain data from Santiment suggests that the stablecoin whale supply could be the metric to watch for the likelihood of a Bitcoin bounce. Whale Supply Of Stablecoins Could Hold Key To Bitcoin Rebound In a recent post on X, the on-chain analytics firm Santiment discussed the percentage of the total stablecoin supply that the whales in the sector are holding right now.

2023-9-4 17:30


Bitcoin exchange supply maintains the drop, but will BTC’s resurgence change its fortune

Supply on centralized exchanges remains depleted despite an increase in Bitcoin network activity. Bulls might need to keep a cool head as 30-day SMA addresses had not finalized surpassing the 3The post Bitcoin exchange supply maintains the drop, but will BTC’s resurgence change its fortune appeared first on AMBCrypto.

2023-1-19 05:30


Bitcoin Exchange Reserve Has Now Reached An Equilibrium After 2 Years Of Downtrend

On-chain data shows the percentage of Bitcoin supply on exchanges seems to have plateaued over the past few months, ending an overall downtrend that lasted about two years. Bitcoin Exchange Reserve Starts Moving Sideways As Inflow And Outflows Attain Equilibrium As per the latest weekly report from Glassnode, the percentage of the total BTC supply on exchanges looks to have ended its decline recently and is now moving sideways.

2022-3-9 22:00


BTC Supply Drying Up, 6.3% Of Total Bitcoin Supply Left On Exchanges

Bitcoin’s circulating supply has fallen near the end of 2021, with December representing the lowest month on average in years for Btc supply. 6. 3% Of BTC On Exchanges The amount of Bitcoin in circulation has been falling since the halving in 2020, according to a new study from CryptoRank, with access to acquire Bitcoin on exchanges also declining.

2021-12-27 18:20


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