600,000 BTC left exchanges last year, reducing available supply by 22%. This could trigger a supply shock, leading to a price increase if demand remains steady or rises. Investors are likely HODLing, reducing selling pressure. Lower exchange liquidity may cause higher volatility. If market sentiment turns bullish, FOMO could push prices even higher. However, macroeconomic factors like regulations or interest rate hikes could offset this effect. Overall, the trend appears bullish for Bitcoin.
If the current BTC outflow of ~50,000 BTC per month continues, a supply shock could become evident by late 2025 or early 2026. At that point, exchange reserves would drop to around 1.58 million BTC, significantly reducing available liquidity. If the outflow accelerates or demand surges, the supply shock could occur earlier, potentially in 2025. This could lead to higher price volatility and upward pressure on Bitcoin’s price.Proof
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