witnessing post once more of low coins on exchanges and supplyshock incoming
will this be the first supplyshock to witness ?
I don't know if there is any way to estimate the liquidity of the largest CEXs, but given that the influence of miners has become minimal and that ETFs buy far more than CEXs can replace, it is obvious that at some point there must be a supplyshock. However, somehow I have the feeling that there are still too many BTC on the market and that considering the price, the quantities being bought are no longer as large as before.
In addition, we still have about 1 million unmined BTC, of which just under 800 000 will be mined in the next 5-6 years, and the last 210 000 will remain for the next 100+ years. I may be wrong, but it seems to me that only then could we see real supplyshocks - unless central banks enter the game and start buying like drunk billionaires.
By the way, considering that most spot BTC ETFs use the custodial service of a well-known CEX, all these coins actually just move from one wallet to another, but remain in the possession of one and the same company.