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22 April 2021

Supply crunch incoming? Bitcoin miners stop selling

Supply crunch incoming? Bitcoin miners stop selling


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According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric Entity-Adjusted Dormancy Flow, historically BTC “goes parabolic.”.

Despite the 1,465% surge that $BTC experienced since the March 2020 crash, the Bitcoin Entity-Adjusted Dormancy Flow has yet to move past the 1M threshold.

However, analyst Lex Moskovski has shown that miners have changed their position and started buying BTC to increase their reserves.

Analyst William Clemente has taken this data to predict a BTC supply crunch which will contribute to the appreciation in the price of the cryptocurrency in Q3 and Q4 of the current year

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