Someone Just Stole 403,200 BTC
The market is fundamentally changing, and few are tracking this metric correctly. Over the last 12 months, a staggering 403,200 $BTC have been permanently removed from centralized exchanges. This isn't just noise; this is a structural re-rating of available supply.
When that much liquid inventory—worth billions—moves into cold storage or deep accumulation wallets, the selling pressure environment shifts dramatically. We are witnessing the most aggressive long-term accumulation phase since the last cycle's peak. The percentage of total $BTC supply sitting on exchanges has plummeted from over 8% down to just 6.04%.
This reduction in liquid supply inventory reinforces the most powerful bull market thesis: the supply squeeze. If the available supply continues to shrink while institutional demand accelerates, the price trajectory becomes parabolic. Long-term holders are not selling $ETH either, but Bitcoin's movement confirms institutional intent.
This is not financial advice.
#Bitcoin #SupplyShock #OnChain #CryptoAnalysis #Macro
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