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Bitcoin supply is getting tighter every day - even at record prices.

LNN

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LNN

This is unprecedented in a bull market. Few understanding what is about to happen

LNN

"Exchanges now hold less than 2 million Bitcoin, with this number declining every month. Hodlers and institutions are taking the BTC and putting them into cold storage." - Christopher Wood Head o

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Bitcoin miners have stopped selling their Bitcoins and began stacking for the past two days. Miners have accumulated an estimated 8874 Bitcoin ($516,266,247 at current market rate). Long-term holders are extremely committed to accumulating at current price levels, as Bitcoin's risk reserve hits 0.008%.

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"Exchanges now hold less than 2 million Bitcoin, with this number declining every month. Hodlers and institutions are taking the BTC and putting them into cold storage."

- Christopher Wood Head of Equity Strategy at Jefferies

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The figures highlight a significant development, as only 5.8% of the total Bitcoin supply is presently held on exchanges. This marks a historic low for the pioneer cryptocurrency’s top market cap asset, a level not witnessed since the heady days of December 17, 2017.

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