#BTC Issuance: Bitcoin miners generate 3.125 BTC every 10 mins, 6 blocks/hour, adding up to 450 BTC/day (~$30M at $65K per BTC).
#BTC Demand (ETFs): Average BTC Spot ETF net inflow since January is $100M/day (source: https://farside.co.uk/btc/)
#BTC Supply on exchanges: Down ~15% since February and continues to fall daily (source: https://www.coinglass.com/Balance)
#BTC Demand (ETFs): Average BTC Spot ETF net inflow since January is $100M/day (source: https://farside.co.uk/btc/)
#BTC Supply on exchanges: Down ~15% since February and continues to fall daily (source: https://www.coinglass.com/Balance)
120k soon.
The supply is getting eaten up fast.
and tbh 120k is actually conservative in this scenario.
Unless something unexpected happens, $BTC is going much higher and much faster than we think
The supply is getting eaten up fast.
and tbh 120k is actually conservative in this scenario.
Unless something unexpected happens, $BTC is going much higher and much faster than we think