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 ‘Illiquid’ Supply Sets New All-Time High With 74% Dominance: What It Means

On-chain data shows the Bitcoin Illiquid Supply has shot up to a new all-time high (ATH) recently. Here’s what this could mean for the asset. Around 74% Of The Circulating Bitcoin Supply Is Currently ‘Illiquid’ In a new post on X, analyst James Van Straten discussed the latest trend in Bitcoin’s Illiquid Supply. The concept […]

2024-10-15 02:00


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


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


Фото:

Here’s How Bitcoin’s Current Supply Would Look Like in 3D

Bitcoin is experiencing one of the most challenging periods in its twelve-year history, but let’s leave the panic aside and imagine what the largest crypto would look like if it were physical. How Much Space Would Bitcoin Get? Most regulators and government officials prefer to refer to Bitcoin as virtual currency, and for very good reasons – the cryptocurrency supply resides on servers rather than our pockets and suitcases. Thanks to the magic of blockchain, […]

2020-3-14 16:00


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