$BTC 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐒𝐮𝐩𝐩𝐥𝐲 𝐯𝐬 𝐏𝐫𝐢𝐜𝐞 – 𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐈𝐧𝐬𝐢𝐠𝐡𝐭
Bitcoin’s circulating supply has steadily increased over time, approaching its capped maximum of 21 million BTC. This Glassnode chart shows a clear relationship: as the supply growth slows down, price volatility intensifies with larger upward movements.
Key Observations:
BTC supply has crossed 19.5M and is nearing its final issuance stage.
Price movements (log scale) show explosive growth post-halving events and during supply tapering phases.
Scarcity dynamics are evident—limited new supply with growing demand often fuels bullish cycles.
What This Means for Traders:
With the majority of BTC already mined, future supply shocks could drive significant price movements. Long-term holders may benefit from accumulation during consolidation phases.
Strategic Note:
Keep an eye on halvings, macro demand, and exchange supply trends. Scarcity is Bitcoin's strongest long-term narrative.
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