The chances of Bitcoin facing a sell-side liquidity crisis in the next few months are very high due to demand for the digital asset soaring to unprecedented levels.
According to a weekly report from CryptoQuant, analysts expect the present Bitcoin sell-side liquidity inventory to cover demand for six to twelve months. Conversely, a plunge in liquid inventory could pull Bitcoin’s (BTC) price northward.
Unprecedented Demand Levels
Monthly demand for Bitcoin has risen from 40,000 BTC at the start of 2024 to 213,000 BTC at writing time. CryptoQuant measures the demand by the 30-day growth in the total balance of accumulation addresses – those that only receive and hold BTC. For context, these addresses hold over 10 BTC, have no outflows, do not belong to any centralized exchanges (CEXs) or mining pools, and have been active in the last seven years.
The dramatic rise of BTC demand is driven by Bitcoin exchange-traded funds (ETFs) in the United States and other large holders, like whales
We współpracy z: https://cryptopotato.com/bitcoin-faces-sell-side-liquidity-crisis-as-demand-reaches-unprecedented-levels-cryptoquant/
