Bitcoin may experience a “supply problem” with less than 15% of BTC supply left on cryptocurrency exchanges.
Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018.BTC price must remain above $100,000 to secure the upside.
Bitcoin exchange reserves have fallen below 15%, suggesting a supply shock as institutional demand from exchange-traded funds grows.) percent supply on exchanges has dropped to near seven-year lows, falling to 14.5% for the first time since August 2018,Diminishing Bitcoin supply on exchanges may signal an incoming price rally fueled by a “supply shock,” which occurs when strong buyer demand meets decreasing available BTC.
This figure reflects inflows from over two unique “1-hop” addresses tied to mining pools, excluding miners and centralized exchange addresses.This increasing scarcity on exchanges and OTC desks can amplify price surges as demand outstrips supply. “We have never seen such a divergence between balance and price! You are witnessing a supply problem play out.”Bitcoin remained strong above the key $100,000 psychological support, a level it has held since May 28, despite seeing 2.85% losses over the last two days.from SoSoValue, the streak began on June 9, with inflows of over $386 million and continued through Monday, with an additional $102 million in inflows. In total, over $4.
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