NEW: Long-term holders are buying 15,000 #Bitcoin each month - Glassnode

#SupplyShock is coming...🤑

🔥 Bitcoin ETFs Fueling Market Optimism 🔥

Spot ETFs Drive Bitcoin Demand
The crypto world is abuzz as spot ETFs ramp up demand for Bitcoin. Recent surges in a big exchange withdrawals hint at a strong push towards long-term storage, signaling investor confidence and a bullish market stance.

📉 Potential for a Supply Shock 📈
With Bitcoin's supply on exchanges dwindling, we're teetering on the edge of a supply shock. This phenomenon, marked by sudden changes in asset availability, could catapult prices skyward, crafting a bullish narrative in the short term.

Miner Moves and Market Cues
As we edge closer to Bitcoin's halving in April 2024, miners' actions become a focal point. Their strategic shifts often prelude market volatility, offering a mix of caution and intrigue for savvy investors.

🔄 Inverse Patterns and Price Dynamics 🔄
An intriguing observation: increases in BTC outflows to miners' addresses have historically paralleled price appreciations. This dance between miners' strategies and market movements highlights a fascinating aspect of Bitcoin's price dynamics.

Bull Market Insights
We're in the heart of a bull market, propelled by spot ETFs and a significant migration of Bitcoin off exchanges. This trend reduces available supply, potentially setting the stage for price hikes as demand continues to climb.

Wrap-Up: The Bitcoin Beat
The interplay of spot ETFs, miner activities, and market trends paints a vivid picture of the current crypto landscape. With supply shocks on the horizon and active addresses climbing, the bull market beats on, promising an exhilarating journey ahead.

#BitcoinETFs #SupplyShock #CryptoTrends #BullMarketSignals #BitcoinHalving2024

*( Attention)*
We see big correction on #ARB to 16 March
Be careful don't Long and don't Hold in Spot 😜
#HotTrends #write2earn #SupplyShock

Here's your daily update on $BTC :

1. Coinbase supply of $BTC has dropped to 2015 levels in light of the BTC spot ETFs and the massive buys from blackrock.

-> This will cause supply shock in the future and I am of the opinion that Coinbase may have to stop selling BTC to the Spot ETFs at some point or no retail investors will not be able to take leverage positions due to Coinbases premiums.

2. There was a significant drop in the price of BTC yesterday after being rejected at the 53000 mark. Most of the sell orders ranged from 5 BTC to 0.01 BTC meaning that retail investors either wanted to sell at 53K or panicked out.

->However, today we saw a good recovery from the drop to 51K, most likely due to Blackrock buying the extra supply.

As for me I fear that at this rate there may be no Liquidity left if Blackrock continues to eat up Bitcoin so I'm gonna be very careful when I decide to trade BTC.
#Write2Earn #BTC‬ #SpotBitcoinETF #SupplyShock

$403million net inflows into Bitcoin ETFs yesterday

Currently 900 BTC is being mined in a day ~ $46million

This could cause SUPPLY SHOCK LIQUIDITY. Things can go crazy 🙈

#ETFsApproval #SupplyShock

🌟 The balance of Bitcoin on exchanges hitting a 5-year low suggests a significant shift in investor behavior. This could imply that investors are opting for long-term holding, or they might be transferring their assets to private wallets for security reasons. It's also indicative of a potential "supply shock" where the decreasing supply on exchanges could lead to a price surge if demand increases¹.

This trend is often seen as a bullish signal in the crypto market, reflecting a strong confidence among holders. It's fascinating to see such dynamics at play and how they might influence the market. Always remember, if you're considering investment decisions, thorough research and sometimes professional advice are key. 📊💡

#bitcoin #BTC #Binance #SupplyShock

$BTC $ETC " there is too much demand and not enough supply " 💎🔥🚀

#BTC #SupplyShock #ETCUSD #ETC/USDT #Etcusdt

Breaking Crypto News 📰 🗞️ 🔥

📌 According to technical analyst Ali Martinez, approximately 22,647 Bitcoin were withdrawn across crypto exchanges in the past week.

#SupplyShock #bitcoin #Exchange