The number of #Bitcoin on exchanges is now lower than at the end of the 2017 bull run. See attached chart.

The peeps that HODL coins aren't going to give them back easily.

The mining reward is getting cut in half this year with the halving (6.25 down to 3.125).

Supply suffocation = INBOUND

Tick tock, next block.

Why do I say HODL'ers aren't going to give them back easily?

Enter the HODL Wave chart (see attached chart).

During peaks in price coins change hands (HODL'ers sell) and during bears they don't.

Less have changed hands this time than EVER before (more have held their coins longer than ever).

Fewer coins leaving existing HODL'ers hands

AND

fewer coins are being created

AND

exchanges having fewer coins available to sell to people wanting to buy Bitcoin.

If demand cranks up prices are going to have to rise to convince the HODL'ers to part with their coins.

I personally know a few HODL'ers and there is NO price that is going to bring their coins back online...NONE.

I suspect there are MANY just like the ones I know.

Good luck buyers!