Part 8/13:
The supply side is also heating up. Miners, on average, have quietly removed over 1,700 Bitcoin from circulation on a typical weekday—around double the daily issuance—indicating a strong hold or possible accumulation. Large-scale buyers, including sovereign wallets, are entering the market, with buyers such as "Mr. 100" purchasing thousands of Bitcoin since April, surpassing well-known institutional players like Ark and Kathy Wood.
This aggregation of buying pressure, combined with ongoing ETF inflows, sets the stage for a potential supply squeeze. The decreasing supply within exchanges paired with increasing demand could catalyze sharp upward movements in Bitcoin’s price.