🚀Bitcoin Halving Impact: Less Boom, More Room for Demand🚀

CryptoQuant's latest report suggests the impact of Bitcoin halvings on BTC value is shrinking. Why? The new BTC issuance is getting tinier compared to the amount sold by long-term hodlers.📉

Before the 1st, 2nd, and 3rd halvings, BTC issuance was 69%, 27%, and 10% of the available supply. Now, it's just 4%. Last year, 28,000 BTC were issued monthly, dwarfed by the 417,000 BTC sold by long-term hodlers.💼

For the first time ever, demand from permanent BTC hodlers has outpaced issuance. They're adding about 200,000 BTC to their stash monthly, way more than the 28,000 BTC issued.🔥

Post-April 20 halving, monthly issuance will drop to around 14,000. So, demand growth will be the new price driver.📈

In the past, post-halving price rallies were fueled by demand growth from big hodlers and whales. With current demand growth at an all-time high of 11% MoM, it's clear this is the main catalyst behind BTC surges.🐳

What do you think? Will demand continue to drive BTC price post-halving? Share your thoughts below!👇 #BitcoinHalving #CryptoQuant #BTC