Bitcoin Drama: Will BTC Rise Again as Supply Hits 8-Year Low? You Won’t Believe This!

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Ah, dear reader, the world of Bitcoin has taken a rather splendid twist! The supply of this digital dandy on exchanges has plummeted to an 8-year low—7.53%, to be precise. It seems our chums have taken to hiding their Bitcoins under their virtual mattresses rather than selling them. Quite the behavior, wouldn’t you agree? 😏

According to a delightful little post from a blockchain analytics firm called Santiment—nothing to do with a charming chap named Sandy, I assure you—the supply level is the lowest since 2018! This signals that quite a few investors are opting for self-custody, which, if I may be so bold, translates to them not wishing to sell their precious coins forthwith.

You see, when exchange supply dips, it’s often interpreted as a bullish sign. Less pressure to sell and a burgeoning confidence among holders, like a captain steering a ship after adjusting the sails. Or, dare I say, a lad with a newfound sense of responsibility after his first date? 🥳

💸 “Bitcoin‘s ratio of supply on exchanges has officially dropped to as low as 7.53%, the lowest since February 20, 2018. The 7-year milestone reflects a continued trend of investors of crypto’s top asset feeling comfortable ‘hodling’ for the long-term, regardless of short-term…”

— Santiment (@santimentfeed) March 26, 2025

Now, let’s have a chinwag about the bigwigs—yes, institutional demand! These illustrious entities have been steadily shoving their coin-filled pockets into Bitcoin exchange-traded funds since March 14, triggering a rise of over 10% in its value. One must ponder, what did we do before institutional interest graced us? Recall the time between February 10 and March 13—when ETF inflows were about as lively as an unattended garden gnome—with Bitcoin plunging a steep 17%! 🌊

Oh, the mystique of Bitcoin’s price armed with the knowledge of institutional buying—a nod to the grander schemes of market dynamics! It appears our majestic Bitcoin has matured, for in this current climate, a 30% decline might trigger a minor bout of bear market jitters, rather than the dramatic 50% drops of yore. Who needs a soap opera when the crypto world supplies us with such rollercoaster emotions? 🎢

Interestingly enough, the Short-Term Holder Market Value to Realized Value ratio, which I suppose is a metric that compares a chap’s current Bitcoin price with what he paid for it, is now below the 365-day moving average—an alarming signal of impending selling frenzy! But fret not, for analysts believe there’s light at the end of the tunnel! As the Bitcoin supply dwindles, they foresee a relief rally. 🥳

At the moment, Bitcoin is meandering around the $87,653 mark, approximately 19% adrift from its previous peak of $108,786. One hopes our plucky Bitcoin finds direction soon, lest it continue its dance on the edge of volatility like a startled cat at a dog show!

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2025-03-27 08:41