Bitcoin is facing a massive supply shock
Doctor Profit, the cryptocurrency analyst who made these predictions. So far, most of his predictions have gone as he expected, which makes his bullish prediction of the top of the BTC cycle even stronger. Currently, Doctor Profit is once again reminding the cryptocurrency community what will happen next.
He noted that there are only 2 million BTC on cryptocurrency exchanges, while the ETF has purchased more than 5% of the entire Bitcoin supply in just seven months.
The latest data from spot ETFs and BTC miners adds weight to his words. As we can see from the post below, spot Bitcoin ETFs just bought 5,676 BTC yesterday, while miners only produced 450 BTC. In fact, if this pattern continues, then there is no doubt that Bitcoin (BTC) will face a huge supply shock.
Buy these 3 cryptocurrencies at the bottom and you will get a hundredfold return!
1.ABOUT
The Sui token has been in the spotlight recently due to several key developments in its ecosystem. Its growth and community engagement have been significant, reflecting growing interest from investors and developers. One of the major highlights is Sui’s recent partnership with Scallop, which aims to accelerate the development of decentralized finance (DeFi) in the Sui ecosystem.
The partnership strengthens Scallop’s position as an important DeFi protocol on the Sui network. The strategic investment from the Sui Foundation is expected to accelerate the launch of new features for Scallop and improve the overall DeFi experience for users. The move highlights the commitment of both entities to innovation in the DeFi space, heralding potential advances in user accessibility and functionality.
2.AR
Market value: $1.232 billion
24-hour trading volume: $35,019,200
The first step is to understand the sector. What is decentralized storage? Decentralized storage projects include POC consensus projects that use hard disk space as proof of computing power for mining, and storage service projects that use distributed storage as computing power for mining.
Data storage is the process of storing a certain amount of data in different storage media through different storage architectures.
In the current business ecosystem, data storage is based on centralized servers and storage hard disks. On the blockchain network, data interaction operations such as accounting, one-time verification, calculation, synchronization, etc. mainly rely on the joint confirmation of each distributed node network to promote trust and verify identity, ensuring the transparency of information and preventing tampering and forgery.
3. FLAKES
FLOKI has experienced significant price volatility in the cryptocurrency market recently. Over the past week, its value has increased by 5.19%, while over the past month, its value has increased by 16.73%. Even over the longer term, FLOKI has maintained modest gains, growing 0.31% over the past six months.
At the time of writing, the coin is trading in a range of $0.0001396 to $0.0001539. This upward trend indicates increased attention from traders and investors. From a technical perspective, the indicators offer a mixed view of the coin’s status.
