🔥 Bitcoin supply on exchanges is plummeting. SUPPLY CRISIS.
I'm tracking the Bitcoin supply on exchanges and there are good news. In most of the exchanges the supply available for sale is plummeting. This trend started before we broke ATH, in fact after the last halving was when things started to get interesting.
As you well know, when there is a shortage of Bitcoin in the exchanges it usually translates into significant increases in the price of the asset. Volatility increases, but in periods like the one we are in, there is a great demand from institutions and small investors that will not decrease in the short term.
Coinbase PRO Bitcoin as an indicator
As you can see in the chart below the Coinbase Pro BTC supply is plummeting since June. Coinbase Pro is one of the favorite exchanges for institutions, they use to make purchases on this exchange, specially if they are from the US.
The price didn't move after 5 months, but when it did, it moved really fast. The price is accelerating as more and more BTC are being sold and stored in cold wallets.
Big players are entering, and they are not going to sell anytime soon.
For the first time in history they are late to the party, this time we are in before them, and the gains will be massive if you are a strong HODLer.
Be patient and all the hard work will pay off. If you are selling, sell slowly the party is just getting started.