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.
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