Bitcoin is trading with a thinner float than last cycle.


Exchange balances dropped from ~3.2M (2021 peak) to ~2.73M BTC — ~460K less supply on liquid venues.
More BTC exists, but less is for sale.
That’s a bullish setup.
When thin supply meets strong demand, squeezes happen.
BTC-3,35%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin