Bitcoin Supply Plummets as Institutional Buyers Fuel Potential Price Surge
Bitcoin Supply Plummets as Institutional Buyers Fuel Potential Price Surge 13.01.2025 16:00 1 min. read Alexander Zdravkov SHARE: 0 SHARES Bitcoin reserves on cryptocurrency exchanges have reached their lowest point since 2018, signaling a potential supply shock as institutional investors ramp up their buying. The total reserves dropped to 2.35 million BTC by January 13, a sharp decline linked to consistent accumulation by large-scale players, according to CryptoQuant. This reduced supply aligns with increasing activity from hedge funds, which are reportedly leveraging the market dip to expand their crypto portfolios. Bitwise’s research head, André Dragosch, noted a rising correlation between hedge fund performance and Bitcoin, suggesting a stronger commitment to the asset. A supply squeeze could be on the horizon, with demand outpacing supply. In December, U.S. Bitcoin ETFs purchased nearly triple the amount of Bitcoin mined, pushing the cryptocurrency to a record $108,300. However, analysts caution that low trading volumes may hinder Bitcoin’s climb above the critical $100,000 mark in the short term. The broader crypto market reflects similar stagnation, with trading activity dipping to a two-month low. Analysts remain cautiously optimistic, projecting that macroeconomic trends, like an anticipated surge in global liquidity, could drive Bitcoin to new highs, potentially surpassing $150,000 by late 2025. SHARE: 0 SHARES More Bitcoin News Bitcoin Mining Difficulty Hits Record High as Network Strengthens The Bitcoin network has kicked off the year by reaching a groundbreaking milestone, as its mining difficulty hit an all-time high. 13.01.2025 18:00 1 min. read Alexander Zdravkov Crypto Market Loses $230 Billion as Bitcoin Dropped Below $90K Amid Investor Uncertainty The cryptocurrency market experienced significant turmoil on Monday, with its global market capitalization dropping by over 6%, from $3.34 trillion to $3.11 trillion. 13.01.2025 16:55 2 min. read Alexander Zdravkov Crypto Market Continues to Struggle – Bitcoin Briefly Dips to $90,000 As the new week starts, the cryptocurrency market continues to bleed with all tokens in CoinMarketCap’s top 100 are in the red. 13.01.2025 15:25 2 min. read Alexander Stefanov MicroStrategy Adds 2,530 BTC to Its Holdings, Reaching 450,000 Total Bitcoin MicroStrategy, a leading business intelligence firm and one of the most prominent institutional Bitcoin investors, has expanded its cryptocurrency portfolio with a significant new purchase. 13.01.2025 15:09 1 min. read Kosta Gushterov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: