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- BTC Reserves Plummet to 2018 Levels š
BTC Reserves Plummet to 2018 Levels š
Anticipation of a supply shock driven move grows
OVERVIEW
BTC Reserves Plummet to 2018 Levels š

Source: Giphy
Before we dive in, hereās todayās crypto market heatmap:
And hereās a look at cryptoās total market and altcoin market cap charts:
ON-CHAIN ANALYTICS
The Supply Keeps Dropping ⤵ļø
The amount of $BTC on the exchanges for normal people like you and me continues to dwindle. šŖ
How low is it now?
Just 1.5 million Bitcoin out there across the exchanges for the regular Joe. Thatās the lowest since November 2018!
And thereās no signs of that changing anytime soon. āļø
Supply Shock? ā”ļø
Itās a prime example of how āEconomics 101ā can still apply. When supply fades while demand remains steady orādare we sayāincreases, prices have a habit of heading north.
Hardly a new concept, yet it keeps turning heads every time.
Supply shock is the fancy way of saying: not enough coins to go around. The real fun starts when buyers spot the scarcity and decide to pounce. History shows prices can spike quickly in these moments.
But if youāre like me and watching for a spike to happen - then March might be the soonest we see any bullish moves. š
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