Glassnode Suggests Bitcoin Exchange Supply Drop May Not Signal Immediate Shock Amid Long-Term Holder Accumulation
2025-07-12 12:22:45
Main Idea
Glassnode analyzes Bitcoin supply dynamics, noting that the drop in exchange supply does not necessarily signal an immediate supply shock due to long-term holder accumulation and other market factors.
Key Points
1. Bitcoin's supply on exchanges has fallen below 15%, but this alone does not confirm an impending supply shock.
2. Long-term holder accumulation plays a significant role in shaping market supply dynamics, as indicated by Glassnode's 'Long-term Holder Supply Storage vs. Issuance' metric.
3. Bitcoin recently reached a new all-time high of $118,909, triggering over $1.15 billion in short position liquidations.
4. Options markets show strong optimism for December, with strike prices around $140,000 and $150,000, signaling expectations for sustained price appreciation.
5. Institutional adoption and regulatory developments continue to influence Bitcoin's market dynamics.
Description
Glassnode challenges the common belief that declining Bitcoin exchange balances directly signal a supply shock, emphasizing a more complex market dynamic. Despite Bitcoin’s exchange supply dropping below 15% for the
Latest News
- Ethereum ETFs See Strong Weekly Inflows Amid Institutional Interest and BlackRock’s $137M Purchase2025-07-12 18:17:26
- Pump.fun’s $500 Million ICO on Solana Highlights Potential Memecoin Revival Amid Mixed Community Views2025-07-12 17:42:16
- Bitcoin ETFs May See Continued Strong Inflows Amid Record Demand and Price Gains2025-07-12 17:29:14
- Ethereum ETFs Surge with Over $900 Million Inflows in Best Single-Week Performance Since Launch2025-07-12 17:28:23
- Bitcoin’s Growth May Slow as Market Matures and Institutional Trading Increases, Experts Suggest2025-07-12 17:09:54