Bitcoin Supply Tightening Fuels Price Outlooks, Sygnum Analyzes

Sygnum Bank’s June 2025 Monthly Investment Outlook highlights the tightening Bitcoin supply as a potential catalyst for price surges. Institutional adoption, particularly of Bitcoin acquisition vehicles like ETFs and corporate buyers, has significantly reduced the circulating supply over the past 18 months, leading to increased demand and potential volatility. The report notes that exchange balances have dropped by around one million BTC since late 2023, further fueled by increasing funding from funds issuing equity or debt for Bitcoin purchases.