CoinVoice has recently learned that 10x Research has posted on social media that more and more people believe there is a supply tightness in bitcoin, especially with the continuous accumulation of bitcoin ETF and MicroStrategy, which reduces the available supply of bitcoin and lays the foundation for a potential 'squeeze' market.
In the past 30 days, centralized exchanges recorded a net outflow of 124,000 bitcoins. Coinbase, which has the largest bitcoin reserves, saw an outflow of 72,000 bitcoins, accounting for nearly 10% of its total balance. Binance experienced an outflow of 29,000 bitcoins, leaving 570,000 remaining. Other major exchanges, such as Gemini, OKX, and Kraken, also experienced significant outflows, with Kraken's outflow accounting for about 7-8% of its holdings.
If these trends continue and demand remains strong, the market may face severe bitcoin supply tightness. The introduction of bitcoin ETF options, in particular, could exacerbate this situation, triggering additional gamma squeezes that amplify upward price momentum. [Original link]
