Hey #crypto #btc fans😏

Why is there ever only coverage of bitcoin supply but never paired with demand❓ Ignorance really...

Here's the current picture, AND what needs to happen for #bitcoin to 🌝 🚀

Demand:
Spot #BTC ETF issuers in the US added 6,907 #BTC worth over $492 million on June 6. 
Despite significant institutional buying, long-term holder selling overshadows this accumulation. 

Fidelity added 3,104 BTC, while BlackRock purchased 2,186 BTC, contributing to the overall positive trend in BTC prices.

SUPPLY (Note NOT bitcoin coin supply‼️ Which by itself is irrelevant..):
Over the past half year, spot Bitcoin ETF issuers in the US have aggressively accumulated BTC, buying 200% of all BTC mined since January.

However, this is dwarfed by long-term holders' selling activity. Since the December 2023 peak of 57%, their share of the total supply has fallen to 54%, resulting in the sale of approximately 630,000 BTC‼️

This amount significantly exceeds the total BTC accumulated by all spot Bitcoin ETF issuers in the US.🤔

Solution:
For BTC to rally to $100,000, institutional appetite must spike, pushing daily purchases over $1 billion. 

Additionally, long-term holders must slow down their liquidation, reducing supply. 

IF this aligns with an increase in the M2 money supply in the US, BTC could surpass expectations and break out from the current range.

#Bitcoin #Crypto #BTC #Investing #Finance #Trading
#crypto #btc #bitcoin #BTC #BTC