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Will there be a “supply squeeze”? Bitcoin supply volume almost at record low by CoinTelegraph





Will there be a “supply squeeze”? – Bitcoin supply volume almost at a record low

The amount of available (BTC) on crypto exchanges is about to hit a record low, indicating a shortage of the market-leading cryptocurrency.

Ki Young Ju, the CEO of the analysis service CryptoQuant, points out that the tradable BTC are currently as rare as in May.

Is there a shortage again? As the data from Thursday show, “only” 2.399 million BTC are available on all major crypto exchanges combined. In May, a record low of 2.390 million BTC was recorded in this regard, which is now very close again.

Read on on Cointelegraph




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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.
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