Bitcoin Nears $108K Amid Declining Exchange Reserves and Increasing Long-Term Accumulation Trends
2025-07-05 07:29:40
Main Idea
Bitcoin's price nears $108K as exchange reserves decline and long-term accumulation increases, signaling a bullish market outlook due to tightening supply and robust demand.
Key Points
1. Bitcoin's exchange reserves have dropped to 2.4 million BTC, with over 800,000 BTC removed since mid-2023, reducing available supply and driving price sensitivity.
2. Bitcoin's market capitalization is around $2.145 trillion, with daily trading volume at approximately $27.76 billion, indicating strong liquidity and reduced volatility.
3. The circulating supply stands at 19,886,459 BTC, with just over 1.1 million BTC remaining to be mined, further tightening supply.
4. Long-term accumulation by holders is reshaping supply-demand dynamics, amplifying price sensitivity to buying pressure and supporting sustained growth.
5. Bitcoin's price fluctuated between $105,402 and $107,968 in the last 24 hours, with potential to reach $108,000 as a pivotal point for the current trend.
Description
Bitcoin surges past $107K as exchange reserves plummet, signaling a tightening supply and robust demand from long-term holders. With over 800,000 BTC withdrawn from exchanges since mid-2023, the market faces
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