On-chain data shows Bitcoin supply is tightening

As Bitcoin pierces the $52,000 mark, a clear indication of renewed market confidence, traders and investors are closely watching its supply dynamics. The key to predicting Bitcoin's next big price move might not lie in the usual metrics but in a deeper, more nuanced analysis of its available supply for trade. CryptoSlate delves into the intricacies of on-chain metrics, including the often-overlooked Unspent Transaction Outputs (UTXOs) and accumulation addresses, unveiling a potential shift in Bitcoin's market liquidity. With the trading landscape undergoing subtle yet significant changes, particularly in light of the massive inflows into spot Bitcoin ETFs, a potential liquidity crunch could be on the horizon. But what does this mean for Bitcoin's price in the coming weeks? The implications of our findings might surprise you.