The recent developments in the cryptocurrency market indicate a potential supply shock for Bitcoin due to several factors. Firstly, the Bitcoin halving event has reduced the daily production capacity of miners to 450 BTC. Concurrently, U.S. Bitcoin spot ETFs are purchasing an average of 3,000 BTC daily, and the upcoming trading of Hong Kong ETFs is expected to further increase demand. Additionally, the total available Bitcoin supply has decreased to approximately 4.6 million BTC prior to this halving cycle. This situation is exacerbated by the emerging crypto arms race between America and China, alongside the unpriced demand from newly created Hong Kong/China ETFs.
MASSIVE BITCOIN SUPPLY SHOCK 🔥 Here’s why: ✅With the recent bitcoin halving, miners can now only produce a max of 450 BTC daily. ✅US Bitcoin spot ETFs are buying an average of 3,000 BTC daily. ✅Hong Kong ETFs are about to start trading very soon. ✅Australia…
For the first time ever, the available #Bitcoin supply decreased to about 4.6 million $BTC before this halving cycle began. Why does this matter? The halving further slashes miner rewards, accelerating the scarcity of new #BTC. As supply tightens, and even if demand remains the… https://t.co/wGVmsW0K8t
We are stepping into a week where: 1. ETF’s will buy another 1,000-3,000 #Bitcoin per day. 2. The fresh daily supply has been halved. Meaning if ETF’s were scooping up 3x the daily supply before halving, they’re now needing 6x the daily supply. 3. Hong Kong ETF’s are preparing…
At the current $BTC price, barely any of the recently created spot $BTC ETF demand is priced in. Def none of the newly created Hong Kong/China ETF demand. And right before the crypto arms race between America + China. What a time 💎🙌
At the current $BTC price, barely any of the recently created spot $BTC ETF demand is priced in. Def none of the newly created Hong Kong/China ETF demand. Right before the crypto arms race between American + China. What a time 💎🙌