Part 8/14:
The ongoing scarcity of Bitcoin is a bullish sign, driven not only by increased institutional interest but also by the rising amounts of Bitcoin being accumulated and held in cold storage, as shown by Glassnode’s Bitcoin liquidity metrics. As more Bitcoin moves out of circulation, the liquidity diminishes, and the potential for sharp price increases grows.
An important aspect to monitor is the percent of Bitcoin held in exchange wallets—which today stands at an impressively low 12%. With fewer Bitcoins readily available, supply constraints are becoming more pronounced, likely contributing to the upward price pressure seen today.