Bitcoin Supply Shock: Only 12% Of BTC Supply Is On Exchanges Now

2022-1-18 22:00

Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen.

Just 12% Of Bitcoin Supply Is Now Held By Exchanges

As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%.

The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges.

The “percentage of BTC supply on exchanges” is a metric that tells us the ratio between the exchange reserve and the total supply of the crypto.

When the value of this indicator moves up, it means exchange wallets are receiving a net amount of coins. As investors usually send their coins to exchanges for selling purposes, this supply is often referred to as the sell supply of the market. Therefore, an uptrend in it can be bearish for the price of the crypto.

On the other hand, when the metric’s value moves down, it means holders are withdrawing their Bitcoin from exchanges. Prolonged such trend can imply there is accumulation going on in the market, and the available supply is shrinking. Hence, downwards movement of the indicator can be bullish for BTC.

Related Reading | Bitcoin Miners Show Strong Accumulation As Their Inventories Spike Up

Now, here is a chart that shows the trend in the value of this metric over the past few years:

Looks like the supply on exchanges has been heading down since a while now | Source: CryptoQuant

As you can see in the above graph, the percentage of the Bitcoin supply on exchanges has shrunk down to just 12% now.

The indicator’s last all-time high (ATH) was made at around 16%. Since then, the metric has been steadily making its way down, and has now dropped 4% in value.

Related Reading | Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System

Some traders believe that this decrease in the supply on exchanges may be creating a supply shock in the market. Such a scenario would be bullish for the price of Bitcoin in the long term.

However, some recent data goes against the narrative, arguing that the supply has merely redistributed itself in the form of investment vehicles like ETFs.

BTC Price

At the time of writing, Bitcoin’s price floats around $42.7k, up 3% in the last seven days. Over the past month, the crypto has lost 11% in value.

The below chart shows the trend in the price of the coin over the last five days.

BTC's price has once again started to move sideways in the $40k to $45k range over the last few days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

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supply exchanges bitcoin down shock btc percentage

Источник: newsbtc.com

supply exchanges → Результатов: 126


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


Growth Of Bitcoin ETFs & Other Instruments Doesn’t Support Supply Shock Narrative

Data shows while the Bitcoin supply present on exchanges has been trending down, growth in other investment vehicles like ETFs and WBTC has been making up for this drop. Bitcoin Exchange Reserves Decline, But ETF And Other Instruments Enjoy Growth As per the latest report from Arcane Research, BTC exchange reserves have seen significant decline this year, but the growth in newer investment instruments like ETFs has made up for it.

2021-12-23 22:00


Stablecoin Supply Ratio Approaches All-Time Low: Bitcoin (BTC) On-Chain Analysis

In this article, BeInCrypto takes a look at Bitcoin (BTC) on-chain indicators, more specifically the Stablecoin Supply Ratio (SSR) and the (USDT) supply on exchanges. This is done in order to determine how much buying power stablecoins currently have over the entire bitcoin (BTC) sup The post Stablecoin Supply Ratio Approaches All-Time Low: Bitcoin (BTC) On-Chain Analysis appeared first on BeInCrypto.

2021-12-15 20:00


On-Chain Data Shows Surge In Stablecoins Supply Pouring Into Bitcoin

On-chain data shows a recent rise in the number of stablecoin addresses sending to exchanges, suggesting an increase in dry powder supply pumping into Bitcoin. Stablecoins Exchange Inflow Addresses Count Recently Surges As pointed out by a CryptoQuant post, the number of stablecoin addresses making inflow transactions to exchanges saw a sharp rise yesterday.

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Фото:

Data Shows Ether (ETH) Supply on Centralized Exchanges at a 3 Year Low

Data from cryptocurrency intelligence firm OKLink indicates that ether (ETH) supply on centralized exchanges is at a 3-year low. Ether’s Scarce Supply Among CEXs Ether (ETH), the cryptocurrency powering the vast majority of the rapidly developing digital assets space has hit a 3-year low supply at all centralized exchanges, data from OKLink shows. Notably, aRead More

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Bitcoin Supply in Exchange Wallets Reaches 2.5 Year Low

Nearly 18,500 bitcoins (BTC) worth $625 million have moved off exchanges over the last week. The bitcoin price had surged over 3,5% at press time and now sits at almost $37,000. Combined with a large liquidity crunch currently seen on crypto exchanges, increasing demand, and the awaited resolution of lengthy consolidation, it may be time … Continued The post Bitcoin Supply in Exchange Wallets Reaches 2.5 Year Low appeared first on BeInCrypto.

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