The issues with M🐻 are very valuable, and I have been calculating how much more Bitcoin investors can buy.

Initially, I thought the remaining stock on exchanges was the limit, but considering that OKX still has a large amount of $BTC deposited recently, and most investors keep BTC on exchanges, this threshold is too high.

I used the BTC turnover data throughout the year (though not absolutely precise, the error is less than the exchange stock) to calculate: in the past year, the maximum supply of short-term investors is 2.825 million coins, the minimum is 2.019 million coins, with a difference of 805,000 coins being the actively traded BTC, which is the main part available for purchase in the public market (excluding OTC). If it is all bought up, the remaining amount available for purchase may be less than 6 digits.

BTCUSDT

Perp

88,824.6

-1.38%