MICA Daily | Data: BTC demand surges, supply drops to 2020 low

According to CryptoQuant data, the demand for BTC is rising rapidly, while seller liquidity has dropped to its lowest level since 2020, and market demand is exceeding supply. Since September 2024, monthly BTC demand has grown to 228,000 BTC, but the available supply of BTC for sale has significantly decreased. These supply sources include encryption exchanges, Over-the-counter Trading platforms, Miners, and BTC held by Grayscale Bitcoin Trust.

In addition, long-term investors are also actively entering the market, and the holding of BTC 'accumulation addresses' has reached a new high of 495,000 BTC per month. At the same time, the BTC inventory of the Over-the-counter Trading (OTC) platform has decreased by 26,000 BTC, further reduced by 40,000 BTC since November 20. The analysis team believes that the OTC platform mainly serves institutions and large buyers, reflecting a significant demand exceeding supply.

As of now, the seller's Liquidity of BTC is only 33.97 million BTC, a decrease of 678,000 coins since the beginning of this year, further reducing the market selling pressure. In addition, the Liquidity inventory ratio (the number of months of existing inventory to meet demand) has decreased from 41 months in October to 6.6 months, indicating that the demand for BTC market is rising rapidly, while the supply and Liquidity are significantly reduced.

Disclaimer: The article represents only the author's personal views and does not represent the views and positions of the Blockchain. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the Blockchain will not be held responsible for any direct or indirect losses incurred by investors in their trades.

<MICA Daily | Data: BTC demand surges, supply drops to 2020 lows> This article was first published on "Blockchain".