BTC Reserves Plummet to 2018 Levels šŸ‚

Anticipation of a supply shock driven move grows

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OVERVIEW

BTC Reserves Plummet to 2018 Levels šŸ‚

Source: Giphy

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

ON-CHAIN ANALYTICS
The Supply Keeps Dropping ā¤µļø 

The amount of $BTC on the exchanges for normal people like you and me continues to dwindle. šŸŖ— 

How low is it now?

Amount Of BTC On Exchanges - Click to enlarge.

Just 1.5 million Bitcoin out there across the exchanges for the regular Joe. That’s the lowest since November 2018!

And there’s no signs of that changing anytime soon. āŒšļø 

Supply Shock? āš”ļø 

It’s a prime example of how ā€œEconomics 101ā€ can still apply. When supply fades while demand remains steady or—dare we say—increases, 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 you’re like me and watching for a spike to happen - then March might be the soonest we see any bullish moves. šŸ“• 

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