Bitcoin is becoming increasingly scarce. The current level of BTC supply in the hands of long-term holders is approaching its all-time high set in 2015. On-chain data shows a record pace at which investors withdraw their coins and move them to cold wallets. Historically, such situations have occurred at the bottom of cryptocurrency macrocycles. Therefore, the high level of Bitcoin supply in the hands of LTH and the upcoming BTC halving could become catalysts for a new crypto bull market. Bitcoin Supply vs. Price Bitcoin supply (orange line) is determined by a mathematical algorithm that drives the largest cryptocurrency to
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Author: coinmaker