đ Bitcoin Demand Surges, Supply Shrinks! đ
The crypto market is buzzing as Bitcoin's demand outpaces supply, creating a demand shock! According to CryptoQuant, since late September, Bitcoin's apparent demand has been expanding at a monthly rate of 228,000 BTC. Meanwhile, the supply available for sale has dropped to levels not seen since October 2020. đ
OTC desks, which cater to large buyers, are seeing their Bitcoin inventories decline as demand skyrockets. This trend highlights the growing interest from institutions and big players. đ
With sell-side liquidity at its lowest in over four years, Bitcoin's potential for selling pressure is greatly reduced. As liquidity tightens, Bitcoin's price movements could become even more exciting! đ„
