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Roughly 155k bitcoin removed from Exchanges in the past month

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jondoe
84
last monthSteemit

The supply crunch is coming

Once a surge in demand happens, the price is going to go parabolic.

We been seeing a steady decline in bitcoin balances on Exchanges for years now.

And now, it's picking up speed:

image.png

(Source: https://x.com/LukeMikic21/status/1800582181913346401/photo/1)

In the last month alone we have seen roughly 155k bitcoin leave Exchanges.

This is likely due to the ETFs and will only get worse if a surge in demand comes in.

There won't be enough supply to satisfy demand.

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