Bitcoin supply hits 7-year low – Is a massive price surge coming?
2025-07-03 05:02:59
Main Idea
Bitcoin's exchange-held supply has reached a 7-year low, potentially setting the stage for a supply squeeze and a significant price surge if demand continues to outpace available liquidity.
Key Points
1. Bitcoin's exchange-held supply dropped to 14% of the total circulating supply, the lowest level since 2017, with a 9.4% decline in June alone.
2. A $40 million short liquidation near $104,984 pushed BTC back up to $107k, with an intraday rally of 1.17% at press time.
3. 86% of BTC is now held off-exchange, suggesting the current low-volatility range could precede a high-momentum breakout.
4. CryptoQuant’s Bitcoin Trading Volume Ratio (Spot vs. Derivatives) flipped upwards, hitting a monthly high, indicating a potential shift in liquidity flow.
5. Spot volume has been climbing, and with exchange-held supply at a 7-year low, a supply squeeze could trigger a significant price surge.
Description
Bitcoin’s supply has been drying up. Is a supply squeeze the next big catalyst?
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