You Only Have 12% of Bitcoin (BTC) Supply Left to Buy


20 Nov 2023 10:50 AM

There isn't much supply left for buyers, which could cause supply shock in future...

  • Recent data shows that 88% of Bitcoin's total supply has not been moved in at least three months, indicating a trend of holding or "HODLing" among long-term investors.
  • The scarcity of Bitcoin is becoming more apparent, with the majority of the supply not being traded or sold for extended periods.
  • The scarcity principle suggests that as Bitcoin becomes rarer, its value is likely to increase.
  • The upward trajectory of Bitcoin's price, supported by increasing moving averages, indicates growing momentum and market response to the scarcity.
  • As more of the supply becomes illiquid, competition among potential buyers is expected to intensify, potentially driving prices higher.

The sentiment of the article is positive, highlighting the potential value increase of Bitcoin due to its scarcity and the growing momentum in the market.

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You May Ask

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