
$Bitcoin Supply Squeeze in Motion 📊
Exchange balances have fallen from 3.2M to ~2.45M BTC over the past 12 months — a ~23% drawdown in available supply, despite price swinging from $60K to $126K and back.
Coins are leaving exchanges regardless of price direction. That's not panic selling or profit-taking — it's accumulation and self-custody outpacing distribution.
Fewer coins on exchanges means thinner sell-side liquidity. If demand returns, price has less supply to absorb it.
Structural, not speculative. Worth tracking.
#Bitcoin #Crypto

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