#BinanceTGEAlayaAI
With the price of Bitcoin (BTC) rising to over 100,000, a clear trend has emerged: Bitcoin miners have stopped selling. This raises the following question: Is the supply of BTC running out in the market?
Miners "close their wallets," holding onto Bitcoin in anticipation of price increases
According to data from multiple on-chain analytics platforms (such as G**node and CryptoQ***), the amount of BTC transferred from miners' wallets to exchanges has sharply declined. This indicates that they are choosing to hold onto their coins rather than sell at the current price, hoping for a price increase in the future.
Supply is scarce, and demand continues to rise
• The demand for Bitcoin spot ETFs and institutional interest is increasing, especially after funds like BlackR*ck and F*delity have been actively buying.
• Recent halving events (reductions in mining rewards) have also contributed to limiting new supply.
• Several major exchanges have recorded their lowest Bitcoin reserves in years.
Impact on the market
• The lack of selling by miners sharply reduces sell pressure, while buy pressure remains strong → BTC's price may continue to rise.
• Market sentiment is positive, with expectations for Bitcoin to reach new high levels, such as 120,000 or even 150,000.
