No More Bitcoin? Exchange Outflows Program Supply Shock Possibilities
There’s a big possibility of an inbound supply shock for Bitcoin, which can push the cost up.
Current price movements and trends in exchange reserves suggest that Bitcoin may not be as stable as news reports suggest. Technical analysis reveals that Bitcoin is hovering above the 26-day EMA; a clear decrease below $103,972 may intensify downward pressure and push the cost back into the high-$90,000 range or lower. Data from CryptoQuant shows that since early 2023, the quantity of Bitcoin in exchange reserves has steadily decreased, falling from roughly 2.75 million BTC to just 2.43 million as of late May 2025.