365int
Bitcoin’s liquid supply has dropped 30% in just 18 months. That’s wild.
Sygnum Bank says big players—like ETFs and corporations—are snatching coins off exchanges fast. Less Bitcoin out there = more pressure on price.
Since late 2023, over 1 million BTC left exchanges. Institutions are issuing debt and equity just to stack more sats. It’s getting crowded.
Why? Because folks are nervous. The US dollar is wobbly, national debt is sky-high, and investors want safety. Cue Bitcoin.
Three U.S. states just said “yes” to holding Bitcoin in their reserves. New Hampshire already passed the law. Texas might follow. Overseas, Pakistan and the UK’s Reform Party are flirting with the same idea.
If governments start buying, Sygnum thinks prices could fly—not just from demand, but from the hype it would create.
Also, Bitcoin is getting less crazy. Upside swings are stronger than downside drops lately. That’s rare in crypto and makes it more appealing to big money.
Oh, and Ether? It’s making a comeback too. The Pectra upgrade is pulling in banks looking to build cool new platforms on Ethereum.
