Bitcoin Supply on Exchanges Hits Record Low at 12% as ETFs Drain 1.2M BTC and OTC Balances Drop to 115K BTC

The Bitcoin market is experiencing a pronounced supply crunch, with exchange balances reaching historic lows. Over 14 million bitcoins are now held in cold storage, while only 12% of the total supply remains available on exchanges. Institutional investors, including governments, Wall Street entities, and sovereign funds, are increasingly locking up large amounts of Bitcoin, reducing liquidity. Exchange-traded funds (ETFs) have withdrawn more than 1.2 million bitcoins in recent months. Additionally, over-the-counter (OTC) desk balances have declined sharply from 486,000 BTC in 2021 to just 115,000 BTC currently. This tightening supply suggests an impending supply shock in the Bitcoin market, with many investors still not holding any Bitcoin.

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