📉 First chart update: No reversal in $BTC's available supply decline yet. It seems the rise in dollar value of available supply is almost entirely due to Bitcoin's price increase. Conclusion: Scarcity is up even as dollar value rises.
📊 The second chart shows a drop in available Bitcoin supply across all timeframes. The shorter the timeframe, the more Bitcoin is being pulled from circulation daily, pointing to a market that's becoming more bullish as more Bitcoin becomes illiquid.
⚠️ The scarcer the available supply, the longer we can expect Bitcoin price volatility to last. A higher price is needed to meet market demand with less Bitcoin around.
🚀 And with the buzz around a potential spot ETF, the demand for Bitcoin could stay high for a while, hinting at exciting times ahead! #Bitcoin #ETF #MarketTrends
Thanks to the therationalroot (npub1r00…sqe8) for providing some data behind this charts. For more updates, feel free to follow me.