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BTC on exchanges - supply shock ?

@M.Indrak
1 min read
16.02.2024
Crypto Market

When bitcoin broke another ATH, causing a price shock of over 50k, there were about 2.62 million coins on the exchanges for trading .

Now, 60 days before the halving, these resources have shrunk by 1.6 million coins


BTC Supply on Exchanges

The ETH situation is also interesting, because we look like in 2018. 
ETH Supply on Exchanges



Data is easy to manipulate and show retrospective analysis. Therefore, it is worth taking into account the total values ​​in addition to the prices from that period.

And this is already impressive.
Total Supply ETH and BTC


Whales are always ahead of the market, they have unlimited capital and opportunities. However, good tools detect anomalies and increase our chances a bit.  
That's why observing small investors is so important. Because their reaction shows what goal the big players wanted to achieve.  
Definition: "patience is important on the market" makes sense because reactions are usually delayed and it is time for us to take a position.
BTC Supply Distribution

Thanks for reading!

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