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