A Bitcoin supply shock is brewing - Will BTC hit $70K next?

2024-10-27 18:00

Bitcoin’s October gains largely stem from halving-driven supply scarcity. As per AMBCrypto, a supply shock has yet to dissipate. Bitcoin [BTC] has been consolidating within the $66K-$67K rThe post A Bitcoin supply shock is brewing - Will BTC hit $70K next? appeared first on AMBCrypto.

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supply bitcoin btc shock 70k hit brewing

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Supply Shock: Bitcoin Exchange Supply Now Lowest Since Dec. 2017

On-chain data shows the Bitcoin supply on exchanges has seen a further plunge recently, now hitting lows not seen since December 2017. Bitcoin Supply On Exchanges Has Dropped To Just 5.38% Now According to data from the on-chain analytics firm Santiment, BTC’s supply has continued to shift towards self-custody recently. The indicator of relevance here […]

2023-11-30 22:00


Bitcoin Bearish Signal: Supply Older Than 7 Years On The Move

On-chain data shows a large amount of Bitcoin supply dormant for more than 7 years ago has moved recently, a sign that may be bearish for the price. Bitcoin Supply Aged Between 7 And 10 Years Old Has Been Transferred Recently As pointed out by an analyst in a CryptoQuant post, the movement of such an old supply has generally led to a drop in the price of the cryptocurrency in the past.

2023-4-20 14:10


Glassnode: Bitcoin Short-Term Holder Profits Have Been Shrinking For 431 Days Now

Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now. Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently According to the latest weekly report from Glassnode, the STH supply in profit usually goes through three phases each cycle. The “supply […]

2022-9-28 22:00


Bitcoin “Diamond Hands” Start To Break As 1yr+ Supply Ramps Up Selling

Data shows the Bitcoin supply older than 1 year has shown accelerating movement recently, suggesting even the crypto’s stronger hands are feeling the fear in the market. Bitcoin Diamond Hands Are Starting To Budge In Current Market According to the latest weekly report from Glassnode, BTC’s older supply has been observing selling in recent days.

2022-6-22 22:00


Quant Analyst: Surging Stablecoin Supply To Drive Unprecedented Bitcoin Buy Pressure

As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. The rising supply alongside surging crypto valuations suggests that the recent rally is “liquidity-driven,” according to one cryptocurrency quantitative analyst.

2020-11-25 18:00


Bullish For Bitcoin: BTC Supply Slowly Shifts From Whales Toward Smaller Entities

New data shows that the amount of Bitcoin held by smaller entities has grown significantly. Meanwhile, during the same time, whale-sized BTC wallets declined by a similar margin. Clearly, there’s been a sizable shift in supply, but what exactly does this crypto wealth transfer signify? And is this bullish or bearish for the first-ever cryptocurrency? Supply Restrictions Give Cryptocurrencies Added Value That Isn’t Fully Understood Out of all of Bitcoin’s unique attributes that give it […]

2020-8-6 18:00