📊 Visualizing BTC scarcity! 💰 This chart illustrates the value of the available btc supply and its value in dollars, showcasing its scarcity over time. Smaller supply = greater price impact. Don't just focus on available BTC supply, consider $ value. It's a more nuanced perspective than just looking at available btc supply. But the declining supply in $ value, even with the added supply in BTC from mining, remains highly bullish. 🚀 #BTC

Calculating Available Supply (also known as Tradable Supply) involves this formula: Available Supply = Circulating Supply - Illiquid Supply. And when you multiply the Available Supply by the BTC price, you get the Available Supply in dollars.

Thanks to nostr:npub1r00t03pv2kxpes5x676xu3j2e0ag8hmmtzv8et0matxg876tnkgsp5sqe8 for providing some data behind this chart! 🙌 I'll be attempting to gather similar onchain data soon using my node and other tools like Python. So, for more market updates, feel free to follow me. ⚡️