24,000 BTC Just Left Exchanges: Is Bitcoin’s (BTC) Supply Crunch Heating Up?
🚀 **Massive Outflow:** Over 24,000 BTC left exchanges on Monday, marking the largest daily outflow in seven months, indicating a potential supply crunch.
📈 **Bullish Indicators:** Exchange-held Bitcoin has dropped to 6.50% of total supply, suggesting that persistent withdrawals may signal a shift towards long-term holding rather than selling.
💰 **ETF Inflows Surge:** US spot Bitcoin ETFs experienced a turnaround with $119 million in inflows, led by BlackRock's IBIT, reversing earlier net outflows and reflecting renewed institutional interest.
🚀 **Massive Outflow:** Over 24,000 BTC left exchanges on Monday, marking the largest daily outflow in seven months, indicating a potential supply crunch.
📈 **Bullish Indicators:** Exchange-held Bitcoin has dropped to 6.50% of total supply, suggesting that persistent withdrawals may signal a shift towards long-term holding rather than selling.
💰 **ETF Inflows Surge:** US spot Bitcoin ETFs experienced a turnaround with $119 million in inflows, led by BlackRock's IBIT, reversing earlier net outflows and reflecting renewed institutional interest.