Bitcoin Supply Shock Looms as Exchange Reserves Plummet, Warns Early Adopter

Bitcoin could soon face a major supply shock, warns early BTC BTC - $108809.991 adopter and YouTuber Jeremie Davinci. In a recent viral tweet, Davinci shared a CryptoQuant chart showing a sharp drop in BTC BTC - $108809.991 held on crypto exchanges, now down to approximately 2.4 million coins.

Source: tokenpost.com

Related symbols: BTCUSD

2025-05-13 11:00:05 GMT.

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Price & Market Data

Price: $108809.991

Volume 24h: $51,389,918,559.90

Market Cap: $2,161,971,823,561.93

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,869,225. The last known price of Bitcoin is 108,856.99036676 USD and is down -0.44 over the last 24 hours. It is currently trading on 12185 active market(s) with $52,514,449,424.47 traded over the last 24 hours. More information can be found at https://bitcoin.org/.