Rei Researcher
The Bitcoin supply on Binance is still sharply decreasing
Based on the Exchange Reserve chart on Binance from Cryptoquant, we can see that the Bitcoin supply on the exchange continues to decrease significantly, while demand is increasing, which could lead to a price increase trend after the market has bottomed out. đ When the supply decreases at market bottom levels, this could be due to investors holding onto Bitcoin instead of selling and transferring it to personal wallets for storage, making the market more scarce, even though BTC is inherently scarce. This often leads to a sharp price increase in the next bullish cycles. đ The relationship between supply and price shows that when supply is constrained, higher demand drives up the value of BTC. đ Check the details in the chart and predictions for the next trend!