Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,449)
  • Analysis (1,632)
  • Bitcoin (2,221)
  • Blockchain (1,311)
  • DeFi (1,534)
  • Ethereum (1,506)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,578)
  • Press Releases (2)
  • Reddit (871)
  • Regulation (1,476)
  • Security (2,102)
  • Thought Leadership (3)
  • Videos (41)
Hand picked
  • How a Hyperliquid Trader Turned $6,800 Into $1.5 Million
  • Africa unites in the currency revolution: Papss is launching a dollar commercial platform
  • Pi Network: a multitude of new upgrades, but Pi prices have barely tressed – why?
  • Analysts predict that the price of bitcoin could lose $ 100,000: this is why
  • XRP News Today overshadowed by Bitcoin Solaris: the Bitcoin alternative which could make the first investors rich in 2025
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Market»$7.28 Billion in Bitcoin (BTC) in Two Days, Is the Market Ready for the Biggest Supply Crisis? By U.Today
Market

$7.28 Billion in Bitcoin (BTC) in Two Days, Is the Market Ready for the Biggest Supply Crisis? By U.Today

December 18, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bitcoin 800x533 L 1411988633.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


U.Today – (BTC) whales are in a buying frenzy. This development coincides with the BTC price surge in the ongoing bull run. According to on-chain analyst Ali Martinez, Bitcoin whales have grabbed 70,000 BTC in the last 48 hours.

Bitcoin Whale Accumulation Fuels Supply Concerns

In an article on X, Martinez put the value of the purchase at $7.28 billion. With Bitcoin currently trading at $107,687, the volume of BTC accumulated by whales has surpassed $7.5 billion.

Analysts suggest that this increased demand from whales has continued to outstrip supply, causing prices to continue to rise. Some have expressed concerns about the likelihood of a huge supply crunch if this dynamic continues.

Notably, a market supply crunch occurs when more investors purchase an asset in a context of limited supply. As a reminder, Bitcoin has a limited supply of 21 million BTC, and its scarcity is a key factor in value creation.

Additionally, only 450 BTC is mined daily. Therefore, the total Bitcoin mined in 48 hours is only 900 BTC, which is insignificant in meeting the demand of Bitcoin whales.

Will scarcity drive up prices?

This supports analysts’ views that a supply crisis could arise with the world’s leading digital currency. Although the crypto market always has willing buyers and sellers, observers say that if participants anticipate a shortage of supply, they could become reluctant to sell.

Such a scenario of reduced supply combined with ever-increasing demand can drive up prices.

Martinez suggests that the Bitcoin market is preparing for another upward move due to an impending supply reduction. Meanwhile, institutional players have also recently increased their demand for Bitcoin.

However, the unpredictability of the cryptocurrency market could change that. The macroeconomic factors fueling increased demand for BTC could change and cause whales to lose their appetite for further accumulation. The next few days signal which direction the market trend will move.

This article was originally published on U.Today





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleSidus Heroes expands blockchain gaming ecosystem with immersive metaverse and strategic gameplay
Next Article India’s crypto master plan: a world first?

Related Posts

Market

The crypto market sees the dip – the ZA minor reveals a dynamic cloud

June 29, 2025
Market

The GOP of the Senate reveals the principles of the structure of the crypto market

June 29, 2025
Market

Webull returns to the cryptographic market with launch in Brazil

June 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Pi Network: a multitude of new upgrades, but Pi prices have barely tressed – why?

June 29, 2025

Gatherings unlike all that the market has seen on the verge of launching for the crypto, according to the analyst

June 29, 2025

Coinbase named Time “ Disruptor ” While the action rises 42% on crypto policy wins

June 29, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,189.99
ethereum
Ethereum (ETH) $ 2,501.90
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.22
bnb
BNB (BNB) $ 654.85
solana
Solana (SOL) $ 153.86
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.276122
dogecoin
Dogecoin (DOGE) $ 0.169668
staked-ether
Lido Staked Ether (STETH) $ 2,500.70