* TAO/USDT is riding a strong bullish trend with MACD confirming momentum and RSI near overbought territory at 69.5. Price is hugging the upper Bollinger Band, signaling sustained buying pressure but caution for potential short-term pullback.
Bulls hold above 250.05 to target 265.10 resistance next. Bears break below 248.26 risks deeper correction to the 245.78 support zone. Key level to watch: 250
The supply-demand math for Bitcoin is hitting a breaking point. Following the halving, the network produces just 450 $BTC daily, yet MicroStrategy’s acquisition pace has effectively vacuumed up 367 days’ worth of mining output in a mere 140 days. #MichaelSaylor
This aggressive accumulation creates a "squeeze" where demand far outpaces new issuance.
We are witnessing a fundamental structural shift from miner-driven scarcity to demand-driven scarcity. With MicroStrategy holding over 815,000 $BTC and the US Government sitting on 329,693 $BTC, a massive portion of the circulating supply is being locked away by "HODLers of last resort" who have no intention of selling.
Institutional appetite is further tightening the noose. BlackRock’s IBIT continues to absorb hundreds of millions in capital daily, while exchange reserves have plummeted to 7-year lows. When entities like Metaplanet join the fray with fresh capital, the available "float" for retail traders begins to evaporate.
The real shock hasn't even arrived yet. We are currently in the "setup phase," where the plumbing of the market is being drained. The true fireworks begin when the broader market realizes there simply isn't enough liquid Btc left to satisfy global demand at current prices.