Picture of the author

Primrose

06/23 11:14

Bitcoin's 15-year supply trendline has broken

Bitcoin's 15-year supply trendline has broken, with 10.2 million BTC now in profit, falling below a key support level held since 2011. This unusual event coincides with conflicting data: Bitcoin ETFs are experiencing steady outflows, indicating institutional retreat, while on-chain data shows a decline in exchange supply.

This suggests that coins are being moved from exchanges into cold storage rather than being sold. Despite a weak technical picture with price well below moving averages and an RSI nearing oversold territory, the on-chain structure is tightening. This divergence highlights two distinct market forces: regulated money withdrawing and on-chain holders accumulating. The ultimate outcome of this dynamic remains uncertain.
#HTX Invites You to Share 600K USDT in Gift Packs#2026 World Cup Posting Challenge on HTX Square
Me gustaCompartir

Todos los comentarios0Lo más recientePopular

avatar
Lo más recientePopular