The story of this bull market continues to be the supply dropping on Exchanges
Bitcoin goes up, the supply on exchanges drops. Bitcoin goes sideways, the supply on exchanges drops. Bitcoin goes down, the supply on exchanges drops.
Basically ever since the March crash last year, the supply on exchanges has continued to drop.
Here's the latest:
(Source: https://twitter.com/WClementeIII/status/1368572026693226499/photo/1)
Interestingly enough this started right about the time that corporations and institutions started showing an interest in bitcoin.
Coincidence?
Not even a little bit.
They are buying up all the bitcoin on exchanges and then sending it to cold storage.
We are going to see a major supply shortage at some point in the near future where the price will have to basically gap up in order to find more supply.
It may be several months away still, or possibly just a matter of weeks.
Stay informed my friends.
-Doc
That's true. And I was wondering hope this supply shortage wouldn't affect the price of bitcoin or availability of bitcoin on those exchanges later
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