🚀 Bitcoin's exchange reserve has hit a 3-year low, with only 2,825,703 BTC left on exchanges! This drop in supply could mean less selling pressure and potential supply shocks. But don't fret, it's not all doom and gloom!
The approval of Bitcoin ETFs in the US earlier this year has added to the supply pressure, with big players like BlackRock scooping up a cool 274,000 BTC.
Despite a recent dip in inflows, Bitcoin investment vehicles still hold a whopping $73 billion in Bitcoin globally. And if industry experts are to be believed, we're just seeing the first wave of early adopters.
So, buckle up folks! With the recent halving event further constraining Bitcoin's supply, we might be in for a wild ride! 🎢