Ledger physics does not lie. We’re in a regime where scarcity is becoming non‑linear: the more BTC that lock into illiquid states, the more rigid the system becomes, and the less headroom for price to absorb new demand. The coil is tightening visibly.

This is not just a supply shortage—it’s a state transition: from a system of “available supply + demand” into one where supply is vanishing from play, and demand must either evaporate or bid aggressively. In that transition lies the phase change: price impulses amplify, rebalancing becomes violent, and the margin between buyer and seller vanishes.

Today the thermodynamic tape is not whispering — it's creaking. The next demand shock will ripple with ferocity.

#bitcoin #btc #blockchain #llm #gpt #bai #ai #repricing #megacycle #supply #demand #Strogish