#Bitcoin Supply Squeeze - people have very little understanding of just how huge of a supply shock is gonna get.
https://insights.glassnode.com/the-week-onchain-week-46-2023/
Illiquid Supply is currently increasing at a rate of 180k BTC/qtr which is 2.2x more than issuance.
In aggregate, their accumulation rates have exceeded new issuance since Feb 2022, being the longest and most sustained period in history.
In this edition we explored the tightness forming within the Bitcoin supply using a variety of supply measures and heuristics. There is notable confluence between these metrics suggesting 'available supply' is at historical lows, and rates of 'supply storage' exceed current issuance by a factor of up to 2.4x.
Secretary Janet Yellen
npub1gr…lelrn
2023-11-15 09:11:50
Author Public Key
npub1grk0tx6kqzvp86jvxzqmr8va2f0hdklj2xj6qwymf04z0saxhx8svlelrnPublished at
2023-11-15 09:11:50Event JSON
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"content": "#Bitcoin Supply Squeeze - people have very little understanding of just how huge of a supply shock is gonna get. \n\nhttps://insights.glassnode.com/the-week-onchain-week-46-2023/\n\nIlliquid Supply is currently increasing at a rate of 180k BTC/qtr which is 2.2x more than issuance.\n\nIn aggregate, their accumulation rates have exceeded new issuance since Feb 2022, being the longest and most sustained period in history.\n\nIn this edition we explored the tightness forming within the Bitcoin supply using a variety of supply measures and heuristics. There is notable confluence between these metrics suggesting 'available supply' is at historical lows, and rates of 'supply storage' exceed current issuance by a factor of up to 2.4x.",
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