Bitcoin

<h3 id="our-experts-note-that-short-term-investors-currently-hold-2-33-million-bitcoin-in-their-wallets-which-is-the-lowest-in-several-years">Our experts note that short-term investors currently hold 2.33 million bitcoin in their wallets, which is the lowest in several years</h3>Amid the approaching halving of bitcoin (BTC), which is expected in April 2024. That now the supply deficit of the first cryptocurrency has reached an all-time high. And this is what Glassnode analysts write about in a new report.According to the authors of the report, the upcoming halving represents an important fundamental, technical. And even a &#34;philosophical&#34; milestone for bitcoin. The total supply of bitcoin is becoming increasingly scarce. And circulating supply is already at historic lows.At the moment, the wallets of short-term investors contain 2.33 million bitcoin coins. And that is the minimum for several years. As a rule, it is this volume that can be considered the real supply on the market. Since statistically it is short-term investors are ready to part with their coins in the short term.In addition, experts record a constant outflow of coins of the first cryptocurrency from the wallets of exchanges. At the moment, the number of bitcoins on exchanges has reached a minimum since March 2020.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2f39cc87ae794f739f82534906231acb.png" />Wallets noted by analysts as long-term holders, on the contrary, continue to actively accumulate bitcoins. And thereby contributing to the market&#39;s declining liquidity.<a href="https://crypto-upvotes.com/about-us/" rel="noopener noreferrer nofollow">Our experts</a> note that in October, <a href="https://insights.glassnode.com/the-week-onchain-week-41-2023/" rel="noopener noreferrer nofollow">Glassnode</a> analysts estimated that long-term investors accumulate $1.35 billion in bitcoins every month. The experts also emphasized that the total number of bitcoins owned by long-term holders reached a new all-time high of more than 14.8 million BTC. And that makes up about 76% of the cryptocurrency&#39;s circulating supply.

Bitcoin supply shortage hits all-time high

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