CryptoQuant: Available Bitcoin may become depleted in the next "12 months"
2024-03-27 08:44:10
Bitcoin seems to be experiencing a "seller liquidity crisis". CryptoQuant, an on chain analysis platform, pointed out that record demand for Bitcoin, combined with a decrease in seller liquidity, has led to Bitcoin's liquidity inventory falling to its lowest level in several months. The institution estimates that if the current market growth rate is used, the current Bitcoin seller liquidity inventory is only sufficient to meet demand for twelve months. CryptoQuant added that its calculation only includes "cumulative addresses" (i.e. those without outbound transactions), which means net demand may still be high.
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