CoinDesk

Bitcoin Supply Hit Lowest Since 2017: Is the Bullish Signal Losing Its Edge?

July 9, 202605:43 AM
Bitcoin Supply Hit Lowest Since 2017: Is the Bullish Signal Losing Its Edge?

Bitcoin exchange reserves have plummeted to their lowest levels since 2017, signaling a massive supply crunch. This scarcity of Bitcoin is a primary driver for market analysts looking to predict the onset of the next major crypto bull cycle.

While dwindling reserves do not provide an absolute guarantee of a price moonshot, they significantly reduce sell-side liquidity. With Ether supply also hitting multi-year lows, the broader crypto market is structurally positioned for a potential supply shock.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at CoinDesk
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

Shipping Cost Surge: Why the 2022-Level Spike is a Red Flag for Crypto
Crypto Briefing

Shipping Cost Surge: Why the 2022-Level Spike is a Red Flag for Crypto

Global shipping costs have surged to their highest levels since 2022, signaling a potential macroeconomic shift. This spike in logistics expenses is a primary driver for rising inflationary pressures, which could force central banks to maintain higher interest rates to stabilize the economy.

As inflation climbs, the impact on risk assets becomes unavoidable. For the cryptocurrency market, these rising costs represent a significant headwind, as higher interest rates typically reduce the appetite for volatile assets, potentially stifling the next major crypto rally.
Why Bitcoin is Stalling: 5 Critical Reasons Behind the Heavy Price Pressure
CryptoPotato★ Featured

Why Bitcoin is Stalling: 5 Critical Reasons Behind the Heavy Price Pressure

The cryptocurrency market is navigating a period of intense friction as Bitcoin struggles to find upward momentum. A critical market metric has remained in the red for over 50 consecutive days, acting as a major headwind that continues to suppress the price action.

This prolonged period of stagnation is driven by a confluence of technical indicators and broader market sentiment. For investors looking to understand the current volatility, analyzing these five key reasons is vital to determining whether this is a temporary correction or a deeper trend shift for Bitcoin.
The HODL Effect: Trader Holds $1.14M EUR/USD Position for 400 Days
CoinDesk★ Featured

The HODL Effect: Trader Holds $1.14M EUR/USD Position for 400 Days

A trader on the Ostium platform is breaking traditional forex norms by applying the legendary HODL strategy to a massive currency bet. By maintaining a $1.14 million long position in EUR/USD perpetual futures for 400 days, the investor is effectively bringing the long-term conviction of the Bitcoin community to the foreign exchange market.

This unconventional approach highlights the growing influence of crypto-native mentalities on global finance. By leveraging perpetual futures to sustain a massive long-term bet, the trader is testing whether the 'buy and hold' philosophy can thrive in the high-frequency environment of the EUR/USD forex market.
AI IPO Boom: Are Massive Tech Listings Leaving Crypto in the Dust?
CoinDesk★ Featured

AI IPO Boom: Are Massive Tech Listings Leaving Crypto in the Dust?

A massive shift in global capital is underway as the market prepares for a wave of blockbuster AI listings. Two highly anticipated AI IPOs are poised to draw billions of dollars, signaling a significant rotation away from the crypto sector as investors chase high-growth tech opportunities.

This influx of capital into artificial intelligence could leave the crypto market struggling to maintain its momentum. As liquidity migrates toward these tech giants, the broader digital asset ecosystem faces the risk of being sidelined, potentially delaying the next major wave of institutional crypto adoption.
Japan Alert: Interest Rates Could Surge Above 2%, Triggering Global Market Shifts
BlockTrends★ Featured

Japan Alert: Interest Rates Could Surge Above 2%, Triggering Global Market Shifts

A former Bank of Japan (BOJ) official has issued a stark warning that Japanese interest rates could rapidly climb above the 2% threshold. This potential pivot is being forced by the dual pressure of a weakening yen and government bond yields hitting a 30-year high, marking a significant shift in the nation's monetary stance.

The global implications of such a move are profound, potentially triggering massive capital reallocations and impacting liquidity across all major asset classes. As the BOJ navigates these economic pressures, the ripple effects could create significant volatility in both traditional finance and the cryptocurrency markets.
Fiorentina Secures €20M+ Arthur Atta Deal: Football Transfer Inflation Mirrors Crypto Volatility
Crypto Briefing★ Featured

Fiorentina Secures €20M+ Arthur Atta Deal: Football Transfer Inflation Mirrors Crypto Volatility

Fiorentina has reached a massive agreement to sign Arthur Atta from Udinese for a fee exceeding €20 million. This high-stakes acquisition highlights a growing trend where football transfer fees are skyrocketing, mirroring the intense liquidity and rapid price shifts seen in the crypto market.

This surge in football's transfer inflation serves as a cautionary tale regarding economic volatility. Much like the crypto market, the football industry is seeing a decoupling of asset value from traditional metrics, driven by speculative demand and massive capital inflows that could lead to significant market corrections.
Jornal Bitcoin Logo