Bitcoin supply to run out on exchanges in 9 months: Bybit
Supply on exchanges will dry up in nine months with the upcoming Bitcoin halving and continued accumulation by Bitcoin ETFs.
Bitcoin supply on cryptocurrency exchanges will dry up in nine months, thanks to the 50% supply issuance reduction of this week’s upcoming Bitcoin halving.
Provided that the inflows from the United States Bitcoin exchange-traded funds (ETFs) continue, Bitcoin’s post-halving supply dynamic will see exchange reserves run out of Bitcoin (BTC), according to an April 15 report by Bybit:
Bitcoin reserves on centralized exchanges fell to a near three-year low of 1.94 million BTC on April 16, according to CryptoQuant data.
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Author: Zoltan Vardai
