Bitcoin supply continues to leave Exchanges...

in #bitcoin4 years ago

There is going to be a supply shortage at some point...

The amount of bitcoin sitting on Exchanges is at the lowest levels since mid 2018.

Which is extremely impressive considering roughly 900 new bitcoin are created every single day...

image.png

(Source: https://twitter.com/BTC_Archive/status/1488160002531635209/photo/1)

And that is before the halving in 2020, which cut the daily supply from 1800 to 900 per day.

Add it all up and there is significantly more supply out there than there was the last time this amount of bitcoin was sitting on Exchanges...

Bullish.

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Thank You for sharing Your insights...

Wow! I must get some dry powder! Help! 😂🙀

Thank You for sharing...

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