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Bitcoin Nears Depletion: Only Nine Months' Supply Ahead of Halving
Cryptocurrency exchanges are left with only nine months' worth of Bitcoin supply at current prices with only three days left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million bitcoins remaining and a daily inflow of $500 million to Bitcoin Spot ETFs, approximately 7,142 bitcoins will exit exchange reserves daily. The much-anticipated halving event, which reduces the supply of Bitcoins by 50%, is expected to make Bitcoin more scarce. Bybit highlighted the rapid rapid depletion of Bitcoin reserves across centralized exchanges post-halving. This trend indicates that it will take about ... (full story)