Key points:
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Bitcoin’s percentage of supply on exchanges has dropped below 15% for the first time since 2018.
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Deplete exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation.
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BTC prices must be kept above $100,000 to ensure room for upside.
Bitcoin exchange reserves are below 15%, indicating the supply shock as institutional demand for exchange-traded funds (ETFs).
The percentage of BTC in exchange drops to 7-year low
Bitcoin (BTC) The percentage of supply on the exchange has dropped to nearly seven years lows, falling to 14.5% for the first time since August 2018, Glass Festival data show.
The reduced supply of Bitcoin on exchanges could mark an incoming price rally driven by a “supply shock” that can happen when strong buyer demand meets available BTC.
Related: Bitcoin Hashrat falls 15%, 26 companies add BTC to balance sheet: June in chart
This trend often indicates an increasing investor confidence and a shift towards long-term holding. For example, BTC is usually transferred to refrigeration or Self-customer walletreduce the supply of liquids that can be used for transactions.
Whales often withdraw BTC after purchase, sending signals Continuous accumulation. Short-term selling pressure is reduced due to fewer coins available for sale.
Over-the-counter Bitcoin balance reaches its lowest level
over the counter (OTC) Office desks that promote large private cryptocurrency transactions are also experiencing tighter supply. These tables are usually matched by buyers and sellers, but rely on maintaining BTC reserves for quick and reliable trade execution.
The cumulative balance of BTC held in known OTC addresses is at a historical low. Encrypted data show The balance of miner-related OTC address has fallen by 21% since January and is now down to 155,472 BTC.
This number reflects the flow of from more than two unique “1 hop” addresses into addresses related to mining pools, including miners and centralized exchange addresses. This data summarizes addresses related to the mining pool from two different “1-hop” addresses, excluding the miner itself and the centralized exchange address.
As demand exceeds supply demand, exchange and OTC desktops are becoming increasingly scarce.
“The available Bitcoin balance OTC is in the latitude of freedom,” Crypto Captain explain In recent X posts, add:
“We have never seen this disagreement between balance and price! You’ve witnessed the supply problem.”
Bitcoin is resilient to “strong institutional demand”
Bitcoin remains above the key psychological support of $100,000, which is the level it has been maintained since May 28, despite losing 2.85% over the past two days.
Bitcoin’s elasticity above $100,000 is backed by “strong institutional demand” and “shrinkage”, according to Lau, founder of Focus Agent.
This demand is most obvious Spotted Bitcoin ETF inflowa continuous inflow of 15 days has been recorded.
according to data Starting with Sosovalue, the winning streak began on June 9 with inflows of more than $386 million and continued until Monday with an additional inflow of $102 million. Total more than $4.7 billion in capital transfers to Dot Bitcoin ETF In the past 15 days.
Maintaining $100,000 psychological support is crucial to ensuring Bitcoin’s upside and avoiding significant downside volatility.
potential Bitcoin correction below $100,000 Will liquidate over $6.42 billion in cumulative long-term positions on all exchanges, Small shop Data display.
Many analysts explain The probability of Bitcoin falling below $100,000 is reduced, setting optimistic targets for the rest of 2025. $140,000 arrive More than $200,000.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
