Bitcoin is increasingly present in the traditional financial system, but a new report suggests that the supply shock may not occur in 2025. According to CEX.IO, the activity of long-term holders (LTH), ETFs, and liquidity trends are creating a strong supply ecosystem.

- After the halving event, the transition from LTH to short-term holders (STH) has increased market liquidity. It is expected that 1.4 million BTC will move from LTH to STH by 2025.

- The activity of ETFs, although accumulating significantly, mainly from arbitrage trading, does not put much pressure on the market.

- Market liquidity and reserves on exchanges indicate long-term confidence, with BTC being moved into cold storage.

These factors reinforce that the supply of Bitcoin remains strong, and the market may grow steadily within the 4-year cycle framework. 📈