Bitcoin Price Poised For Record High as ‘Supply Shock’ Looms

Bitcoin prices are inching towards a historical peak, fueled by a shrinking supply and growing demand. Traders anticipate a significant price surge in the coming months, citing a dramatic decrease in available Bitcoin on centralized exchanges. CryptoQuant data reveals that sell-side liquidity on OTC desks has plummeted to an all-time low of 120,000 BTC, down significantly from its peak last year. This declining supply, coupled with increasing demand for Bitcoin (including the surge in spot Bitcoin ETFs) and robust institutional buy orders, suggests a potential price explosion.