Do you, or anyone here, know what percent of the current bitcoin supply is on exchanges atm?
Was trying to explain a supply squeeze to a friend today (neither of us have macro knowledge, but I do my best to learn from you and others:)
Do you, or anyone here, know what percent of the current bitcoin supply is on exchanges atm?
Was trying to explain a supply squeeze to a friend today (neither of us have macro knowledge, but I do my best to learn from you and others:)
A little less than 2M on exchanges. About 4-5 M lost. Some already locked up in institutional custody Coinbase (eg Microstrategy) The rest are highly illiquid not having moved in year(s). So the supply(float) on exchanges is historically low. Lot of incoming demand and of course the halvening. We are in the βitβs catching onβ chapter of the book!