According to ChainCatcher, the Bitcoin market seems to be playing out a "supply crunch" recently. With the continued accumulation of Bitcoin ETFs and MicroStrategy, the available supply of Bitcoin is decreasing, and the market may be heading for a "squeeze" market. 📉
In the past month, a total of 124,000 Bitcoins have flowed out of centralized trading platforms, of which Coinbase has flowed out 72,000, accounting for nearly 10% of its total balance, and Binance has flowed out 29,000. Other platforms such as Gemini, OKX and Kraken have not been spared. 📊
If this trend continues and demand remains strong, the market may face severe supply constraints, especially the introduction of options for Bitcoin ETFs may exacerbate this situation and trigger additional price fluctuations. 📈