Bitcoin Supply Dynamics Shift: Long-Term Holders Distribute Amid ETF Outflows
Bitcoin Supply Dynamics Shift: Long-Term Holders Distribute Amid ETF Outflows
Bitcoin's market is currently experiencing significant shifts in its on-chain conditions. Long-term holders, after a period of accumulation, are now initiating distribution. Concurrently, Bitcoin ETFs have transitioned from experiencing net inflows to net outflows, contributing to evolving liquidity pressures. These dynamics are reshaping the supply and demand balance and are indicative of an impending 'real squeeze' for Bitcoin, potentially influencing its trajectory towards the $101,000 mark.
Bitcoin’s latest move to around $101,000 is a reflection of shifting on-chain conditions as once-immobile supply begins to stir. After months of steady accumulation, long-term holders are starting to distribute, ETFs have pivoted from inflows to outflows, and liquidity pressures are reshaping the market’s balance between supply and demand. Beneath the surface, the data reveals […]