Bitcoin

Spot

Rise

<p>According to <a href="https://twitter.com/CryptoBusy/status/1725221754371707037?t=l482VC5jOYw98jTs_bDKwg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">a recent post</a> by crypto analyst @moonoverlord, the supply of Bitcoin across all exchanges has hit an all-time low. This scarce supply, combined with impending demand drivers, could catalyze a dramatic surge in Bitcoin prices.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="591" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-1024x591.png" alt="" class="wp-image-378929" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-1024x591.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-300x173.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-766x442.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-1536x886.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-2048x1181.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-260x150.png 260w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-607x350.png 607w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424-788x454.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-424.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="impending-bitcoin-spot-etf-approval">Impending Bitcoin Spot ETF Approval</h2>
<p>The pending approval of a Bitcoin spot ETF by the SEC could drive increased demand for actual Bitcoin to back the ETF shares. As @moonoverlord explains:<em> “If firms like Ishares and Ark Invest buy $1M of Bitcoin from their elected exchange which is Coinbase, they need actual $BTC to back the ETF shares.”</em> With Bitcoin supplies on exchanges at extreme lows, this new demand could lead buyers to pay higher prices to acquire the scarce asset.</p>
<h2 class="wp-block-heading" id="upcoming-bitcoin-halving-further-constraining-supply">Upcoming Bitcoin Halving Further Constraining Supply</h2>
<p>The Bitcoin halving, which occurs approximately every 4 years, will take place in just 157 days. @moonoverlord notes that historically, Bitcoin prices have surged dramatically in the 12 months following each halving event: +7,745% in 2013, +460% in 2017, +670% in 2021</p>
<p>With the market already anticipating the typical post-halving price pump, dwindling exchange supplies could exaggerate the move.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-qubics-10000-explosion-outperformed-even-solanas-meteoric-rise/" target="_blank" rel="noopener noreferrer nofollow">Why QUBIC’s 10,000% Explosion Outperformed Even Solana’s Meteoric Rise</a></li>
 <li><a href="https://captainaltcoin.com/why-is-pivx-coin-pumping-here-are-reasons-behind-the-160-pump/" target="_blank" rel="noopener noreferrer nofollow">Why is PIVX Coin Pumping? Here Are Reasons Behind the 160% Pump</a></li>
 <li><a href="https://captainaltcoin.com/can-the-cronos-rollercoaster-soar-to-1-00-after-raising-1-5m-is-this-the-next-top-100-crypto/" target="_blank" rel="noopener noreferrer nofollow">Can the Cronos Rollercoaster Soar to $1.00? After Raising $1.5M, Is This the Next Top 100 Crypto?</a></li>
</ul>
<h2 class="wp-block-heading" id="retail-investors-incited-to-act">Retail Investors Incited to Act</h2>
<p>In light of these impending supply and demand dynamics, @moonoverlord ends with a call-to-action for retail investors: <em>“So now, will you sell your Bitcoin to the whales or #HODL it for generational wealth?”</em> With exchange supplies drying up, holders refusing to sell could exacerbate the impending supply squeeze.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-supply-hits-all-time-low-sets-stage-for-historic-dramatic-btc-price-surge/" rel="noopener noreferrer nofollow">Bitcoin Supply Hits All-Time Low, Sets Stage for Historic Dramatic BTC Price Surge</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Supply Hits All-Time Low, Sets Stage for Historic Dramatic BTC Price Surge

Table of Contents

CaptainAltcoin

Other articles published on Nov 17, 2023

WuBlockchain Weekly: Tether Invests $500 Million in Mining, Bithumb is Exploring an IPO, Rapid De...

SOL, FTT, and LINK Suffer Despite Growing Interest From Investors

Smart Investors Make Their Move: The Rise of Galaxy Fox as Shiba Inu Coin’s Formidable Rival

Bitcoin (BTC) Price Might Reach $141,000 in One Year: Model by CoinShares

Where can I store my Bitcoin safely?

Nice: 69% Of Bitcoin Supply Now Locked Since 1 Year

Join our free newsletter for daily crypto updates!