Bitcoin supply is getting tighter every day - even at record prices.

[LNN]

This is unprecedented in a bull market. Few understanding what is about to happen

[LNN]

In the last year 467,633 more coins have been moved off exchanges than transferred in by miners.

Bitcoin Supply Shortage is real.

[LNN]

 

[LNN]

Bitcoin miners have stopped selling their Bitcoins and began stacking for the past two days. Miners have accumulated an estimated 8874 Bitcoin ($516,266,247 at current market rate). Long-term holders are extremely committed to accumulating at current price levels, as Bitcoin's risk reserve hits 0.008%.

[LNN]

"Exchanges now hold less than 2 million Bitcoin, with this number declining every month. Hodlers and institutions are taking the BTC and putting them into cold storage."

- Christopher Wood Head of Equity Strategy at Jefferies

[admin]

And then China decided to ban it and the miners had to move to other countries.....

now we should see the supply squeeze start up again slowly going forward.

[TheWorldNewsOrg]

Only 12.9% of $BTC supply remains on exchanges 

[TheWorldNewsOrg]

Viewable is showing Half of that percentage!

[Mic Drop]

Bitcoin Balance on Exchanges just Hit a 3-year Low.

[Mic Drop]

 

The figures highlight a significant development, as only 5.8% of the total Bitcoin supply is presently held on exchanges. This marks a historic low for the pioneer cryptocurrency’s top market cap asset, a level not witnessed since the heady days of December 17, 2017.