2024 sees Bitcoin demand surge from 40K to 213K monthly, driven by ETF buys and whale activity, while supply tightens to 2.7 million. This crunch points to rising prices but also hints at a volatile market ahead.

• ETFs & Whales Boost Demand: ETF holdings rise, whales accumulate, stressing the supply further.

• Supply at a Low: Visible Bitcoin at its lowest, highlighting a severe liquidity squeeze.

• Grayscale's Role: With significant redemptions, Grayscale's holdings impact sell-side liquidity, marking a critical low since February 2018.

In this liquidity crunch, expect potential short-term price spikes but prepare for the volatility.

Source: CryptoQuants

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