Analysts are predicting a significant surge in Bitcoin prices as the supply of the cryptocurrency on exchanges dwindles. With demand outpacing new coin production, Bitcoin is poised for a breakout. Santiment data suggests that only 1.5 million Bitcoin remain on exchanges, its lowest level since December 2017. This decline, accelerated this year, has fueled the movement of investors to self-custody wallets and increased demand for Bitcoin. Bitcoin miners are now holding a historic low of 1.7 million coins, while companies like Strategy and Metaplanet are purchasing thousands of coins weekly. Spot Bitcoin exchange-traded funds (ETFs) have also experienced significant inflows, totaling over $44 billion in cumulative value. These factors suggest that a bullish breakout is likely as Bitcoin’s supply constraint leads to increased demand.