📉 Exchange Supply Plummets to Historic Lows
For the first time since August 2018, Bitcoin's on‑exchange supply has sunk to just 14.5% of the total circulating supply, according to Glassnode. This dramatic drawdown points toward a potential “supply shock”, where strong demand meets increasingly scarce liquid BTC.
🏦 OTC Balances Also Drying Up
Coinciding with shrinking exchange reserves, over-the-counter (OTC) balances have reached record lows. CryptoQuant reports a 21% decline since January, with reserves now just 155,472 BTC. This tight supply on both public and private trading channels could accelerate price moves as buyers scramble to acquire BTC.
💡 Why This Matters
- Depleted liquidity means fewer coins are readily available for sale
- Whale accumulation indicates long-term confidence and lower selling pressure
- Spot ETF inflows—more than $4.7 billion over 15 days—underline institutional demand binance.com+9cointelegraph.com+9legalesedecoder.com+9
These trends set the stage for a potential price surge if BTC remains above $100,000—the critical psychological threshold.
📊 BTC Holding Strong Above $100K
Despite a brief 2.85% dip, Bitcoin has maintained its position above $100K support, thanks to inflows and long-term investor confidence. Analysts warn, however, that dropping below this level could trigger massive liquidations—over $6.4 billion in leveraged long positions could be wiped out
📈 What’s Next?
If current conditions hold, a supply crunch may unleash a powerful rally. Some analysts forecast BTC reaching $140K–$200K+ during 2025’s bull market. The key now is sustaining momentum above $100K and watching how inflows continue to shape liquidity dynamics.
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