Sellers in the last segment up to Last100K are offering only a few hundred coins to the exchange.
BTC is still considered an accumulation target, and we expect the rally to restore the prices of major cryptocurrencies.
#Bitcoin (BTC) is in the final stage before crossing the $100,000 threshold. At this price, coins that can be sold will be #rare .
Bitcoin (BTC) faced a slight supply cut at around 110 million, with the major coins trading at 999,258.22 after briefly peaking above 999,600. Coins that can be traded on major exchanges are becoming increasingly rare in this range. With the difference between current price levels and new all-time highs remaining, there are only a few hundred bitcoins available for sale.
Orders to sell bitcoins are rarely available on most major centralized exchanges.
On the spot markets of most major centralized exchanges, there are about 1,700 bitcoins available in the range of 99,000 to 100,000. On the demand side, Tether has issued another 1B token that has become available on Bitfinex. This could be another push to break another100K range.
Coinbase Prime is only selling 1,000 #BTC , with a similar supply of 1,000 coins at a slightly higher price. This batch of coins is similar to daily bitcoin #ETF purchases, but demand may shift to a higher price range.
The low availability of coins for sale coincides with record low levels of coins available on exchanges. Currency reserves are down to 230 million coins, but even this figure does not guarantee that real coin owners will want to sell them.
online activity shows more than 810 thousand transactions in the last 24 hours, which corresponds to the level of the price peak in May. The new price record has also sparked interest in one old whale wallet with a reward of 50 BTC per block, although it is unclear if the coin has been moved to sell.
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