Bitcoin's Supply Shock: Could It Send BTC to $200K?

"no matter how you slice it it looks like Bitcoin is on track to experience a supply crunch that could send its price parabolic in the coming months like silver in the 1980s"

"the supply of Bitcoin on OTC desks is at its lowest level in years and that's at least according to the OTC desk glass node could identify... this decline in OTC supply will force OTC desks to buy Bitcoin on the open market and that of course will push up its price"

"the supply of Bitcoin held by Wales has been on a sharp decline over the last 6 months or so it's impossible to know when their spot selling will stop but the spot selling is slowing and the trend in OTC balances suggests more spot buys are coming"

"a central bank announcing that it's holding Bitcoin which could happen in the coming months alternatively the catalyst that makes investors see Bitcoin as a safe haven asset could be as straightforward as Bitcoin decoupling from stocks for a sustained period of time something that could also happen again in the coming months"

"more and more of Bitcoin supply is flowing from the weak hands to the diamond hands and this means that there's less and less liquid Bitcoin and that means that a supply crunch is likely inevitable regardless of what happens in the coming months"

"If we assume that Bitcoin follows silver in market cap then a $4 trillion market cap would translate to a Bitcoin price of somewhere around $200,000... investors are likely to take profits ahead of 200K and that's just because it's another key psychological level meaning Bitcoin could top somewhere around 180K conversely Wales could push Bitcoin's price above 200K to suck in investors looking for that 300K plus level"

"Bitcoin rallies way more than expected in this cycle because of the supply crunch and rallies less in the next cycle both because the same amounts of leverage demand won't be possible and because the supply effects were pulled forward"

"assuming a Bitcoin price of over $100,000 or more that could work out to a whopping $100 billion of BTC or more being used as collateral in turn this could translate into tens of billions of dollars of stable coins being borrowed and invested into altcoins"

"a supply squeeze would result in an increase in cryptonative liquidity due to the positive impact it would have on Bitcoin's price and the increased amount of borrowing that would occur against Bitcoin as a result and this could cause many cryptos to experience parabolic moves of their own"