TLDR
Bitcoin supply is drying up across crypto. Here's where it went and what it means for the upcoming boom and bust cycle. The total balance of BTC on exchanges has dropped from about 3 million to just a hair over 2.3 million from March 2020 to now. That’s about 23% less BTC floating around on the supply side of the market than there were about a year ago. In effect, this means the amount of bitcoin available for willing buyers is dried up. Which in turn creates scarcity, demand pressure and higher prices.via the TL;DR App
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Written by benlilly | Cofounder: Jlabs Digital, Deploy.finance, PANDA Terminal
