#MarketRebound
early 2024, paving the way for a substantial rally on the crypto market. Previously, reported that U.S.-based Bitcoin ETFs have now exceeded the total holdings of Satoshi Nakamoto.
Samson Mow on Bitcoin crash: "Supply shock is coming"
Last week, Bitcoin experienced significant volatility, with the asset reaching an all-time high of over $108,000 before dropping as low as $95,587.68. Despite a notable accumulation of Bitcoin by major firms available.purchase of $1.5 billion, the Bitcoin price has continued to decline. Samson Mow, prominent BTC supporter and CEO at JAN3, took to social media to address the crypto community's concerns regarding the paradox of rising demand amid falling prices. In his X post, Mow explained the current situation as "the market behaving irrationally with what limited Bitcoin supply is left." In conclusion, the CEO urged investors to trust their instincts and warned about an impending supply shock to the market. At writing time, BTC is changing hands at $93,950, down 2.10% over the past 24 hours, per CoinMarketCap
