Tick Tock, Impending Bitcoin Supply Shock
Demand for the absolutely scarce, inelastic monetary asset that is bitcoin continues to increase and the price will eventually react.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Supply squeeze: that has been the topic of many of the past Daily Dives and it will be the topic today, because the underlying story remains the exact same.Demand for an absolutely scarce, inelastic monetary asset continues to....
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The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops. Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.A rising Whale Supply Shock reading indicates a higher degree of....
The price of XRP may be declining as volatility extends, but a lot of the leading altcoin has been observed leaving cryptocurrency exchanges at a rapid rate. With the token heavily leaving exchanges during the bearish phase, this raises the possibility of an anticipated supply shock. Is An XRP Supply Shock Incoming? As XRP battles […]