#Bitcoin is in a supply and liquidity crisis.

This is extremely bullish! And highly underrated.

I believe we will see this significantly reflected in Bitcoin's price in the upcoming months.

Let's take a look at the data.

A thread 👇👇👇

1/ Accumulation Balance

The amount of bitcoins held in accumulation addresses is 2.7M BTC.

Those are addresses that have only received bitcoins, and never spent funds.

True HODLers, hoarding 14.5 % of the circulating supply.

#Bitcoin

Chart: https://t.co/IgKgCpz3Vi
2/ Lost Coins

21 milltion bitcoins? You wish.

That's just the hard cap – considering lost coins, the real number is much less.

No one knows for sure how many, but estimations point to at least 3M.

That's 16% less circulating BTC available.

#Bitcoin

https://t.co/3WtnLBF4P1
3/ Institutional #BTC Demand

@Grayscale (573M BTC), @MicroStrategy ($475M), @sqcrypto ($50M), Ruffer ($745M), @massmutual ($100M) – all buying up supply.

Do you really think they're alone? Of course not.

Expect many more on the move. They're coming – gradually, then suddenly.
4/ Speaking of @Grayscale:

Bitcoins added to the Grayscale Bitcoin Trust in the past 6 months: ~210,000 BTC

Bitcoins mined in the past 6 months: ~185.000 BTC

That's right, Grayscale has been buying up more bitcoins than the amount issued.

Talk about a supply crisis!

#Bitcoin
5/ Exchange Balances

Liquidity is vanishing from exchanges.

We're seeing the longest depletion of exchange funds.

Since January, the BTC supply on exchanges dropped a staggering 20%.

#BTC is being pulled to long-term storage, custodian wallets, etc.

https://t.co/ayRUUL3nqY
6/ Liquid #Bitcoin Supply

14.4M BTC is held by illiquid entities – that is 78% (!) of the current supply.

Illiquid entities spend less than 25% of the BTC they receive, acting as supply sinks in the network.

Yes, only 12% of the BTC supply is liquid, according to this metric.
7/ #Bitcoin Miner Supply

Are miners cashing out at these prices? I don't think so.

The amount of miner unspent supply (BTC that has never left the miner address) has been increasing since the last halving.

Current miner balance: 1.7M $BTC

Chart: https://t.co/pXcLqwr5QD

More from Finance

Last week Hizbollah's finance institution Al Qard el Hasan was hacked by Spiderz. A group of people took that Data and tried to make sense out of it. Below are the findings

https://t.co/eGLqvb28o5


Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.

AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.


AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.

Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.

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