CryptoQuant: Available Bitcoin may dry up in the next “12 months”
Bitcoin appears to be experiencing a "seller liquidity crisis". The on-chain analysis platform CryptoQuant pointed out that record-breaking Bitcoin demand combined with a decrease in seller liquidity has caused Bitcoin's liquidity inventory to drop to its lowest level in several months. The organization estimates that if the current market growth rate is maintained, the current bitcoin seller liquidity inventory is only sufficient to meet demand for twelve months. CryptoQuant added that its calculations only include "accumulation addresses" (i.e. those addresses that have not had outgoing transactions), which means that net demand may still be higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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