#Bitcoin Supply Crunch - Part 1: Exchanges Balances Signal Potential Price Squeeze

👇1-8) There is a growing narrative of tightening Bitcoin supply, particularly as Bitcoin ETFs and MicroStrategy continue accumulating, the available supply of Bitcoin dwindles, setting the stage for a potential "squeeze" scenario.

👇2-8) In the past 30 days, exchanges have recorded a net outflow of 124,000 Bitcoins. Notably:

👇3-8) Coinbase, which holds the largest Bitcoin reserves, saw an outflow of 72,000 Bitcoins—nearly 10% of its total balance, which now stands at 748,000.

👇4-8) Binance experienced 29,000 Bitcoin outflows, leaving a balance of 570,000.

👇5-8) Bitfinex, in contrast, had an inflow of 8,500 Bitcoins, increasing its holdings to 391,000.

👇6-8) Other major exchanges, such as Gemini, OKX, and Kraken, also experienced notable outflows, with Kraken's outflow accounting for about 7–8% of its holdings.

👇7-8) If these trends persist and demand remains robust, the market could face a significant Bitcoin supply squeeze. This scenario could be further exacerbated by the introduction of options on those Bitcoin ETFs, which might trigger additional gamma squeezes, amplifying price pressures.

👇8-8) Read our full report: https://mail.10xresearch.co/p/the-optimal-bitcoin-allocation-in-multi-asset-portfolios

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