Guy Who Urged People to Buy Bitcoin at $1 Warns of Imminent Supply Shock

By: coindoo|2025/05/13 23:15:05

In a viral tweet, Davinci shared a CryptoQuant chart showing a sharp decline in the amount of BTC held across centralized cryptocurrency exchanges.While the chart still reflects approximately 2.4 million BTC in exchange wallets, Davinci emphasized the trend—noting that miners are no longer selling, further reducing available supply.“No Bitcoin left on exchanges. A supply shock is brewing,” he stated.Though some followers corrected the claim that there is “no BTC” left on platforms, Davinci’s broader point resonated: available liquidity is drying up, and accumulating Bitcoin could become much harder in the near future. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Crypto Market Cools as Bitcoin Retreats from Post-Tariff Highs This aligns with broader market sentiment that long-term holders and institutions are tightening their grip on Bitcoin, even as prices remain above $100,000.If this trajectory continues, a supply squeeze could propel BTC to new highs amid rising demand.The post Guy Who Urged People to Buy Bitcoin at $1 Warns of Imminent Supply Shock appeared first on Coindoo.

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