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CryptoIntelligence 2024-03-30 21:33:00

Bitcoin Braces for Supply Crunch as Demand Skyrockets, Warns CryptoQuant

Bitcoin Braces for Supply Crunch as Demand Skyrockets, Warns CryptoQuant

Bitcoin is on the verge of a supply crunch, according to recent insights from CryptoQuant’s “Weekly Crypto Report” dated March 26. The analysis highlights a looming “sell-side liquidity crisis” as demand for Bitcoin surges, particularly influenced by the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States. This increased demand, coupled with a dwindling supply, signals a pivotal shift in Bitcoin’s market dynamics, potentially altering its supply landscape irreversibly by the early months of 2025. CryptoQuant’s report illuminates the stark reality of Bitcoin’s dwindling sell-side liquidity. “Record Bitcoin demand paired with declining sell-side liquidity has resulted in the

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