Bitcoin Still Far From A True Supply Shock, Analyst Explains

Bitcoin Still Far From A True Supply Shock, Analyst Explains

According to a recent CryptoQuant Quicktake post by contributor Carmelo Aleman, Bitcoin (BTC) is “still far from a true supply shock.” The analyst cited several on-chain metrics to argue that despite declining exchange reserves, the leading cryptocurrency is unlikely to face genuine supply scarcity in the near term. Bitcoin Supply Shock? Not Just Yet Since April 21, BTC has been trading within a tight range between $91,500 and $95,800, offering few signals about its next directional move. While some analysts have repeatedly highlighted a potential supply shock that could drive Bitcoin’s....


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Quant Explains Similarities Between Current And Summer 2020 Bitcoin Markets

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'Conservative' BTC supply shock metric now says Bitcoin should cost at least ...

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Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to...

The supply shock is being unnoticed, similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo. As Bitcoin (BTC) continues trading sideways inside the $30,000–$40,000 range, new data is emerging about the potential for a bullish breakout.Is Bitcoin silently readying for a breakout like in Q4 2020? Willy Woo, an on-chain analyst, anticipates a potential supply shock in the Bitcoin market, as long-term holders continued raking BTC supply from short-term ones. Woo stated in his Friday newsletter that the process might push more Bitcoin out of circulation.The analyst referred....

Bitcoin Supply Shock: Only 12% Of BTC Supply Is On Exchanges Now

Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen. Just 12% Of Bitcoin Supply Is Now Held By Exchanges As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%. The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges. The “percentage of BTC supply on exchanges” is a metric that tells us the ratio between the exchange reserve and the total supply of....