NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Supply crunch incoming? Bitcoin miners stop selling

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout.

Analyst Ali Martinez has shared data from Glassnode to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric Entity-Adjusted Dormancy Flow, historically BTC “goes parabolic.”

Despite Bitcoin’s nearly 1,500% increase in a year, it is still below this threshold. The analyst stated:

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. When and if it does, #BTC could enter a new parabolic phase posting more gains than what we have already seen.

Conversely, Martinez stated that when the Entity Adjusted Dormancy is rejected before surpassing the one million threshold, Bitcoin’s price experiences a pullback. In 2021, this has happened at least twice back in January and late February. As seen below, the cryptocurrency is close to this zone.

Bitcoin BTC
Source: Glassnode

Bitcoin in an accumulation phase

Perhaps one of the most bullish fundamentals is Bitcoin miners’ behavior. Over the past few months, this sector had been selling much of its supply in BTC, increasing the selling pressure in the market.

However, analyst Lex Moskovski has shown that miners have changed their position and started buying BTC to increase their reserves. Since late March and early April, miners have bought around 10,000 BTC. Moskovski stated:

Miner optimism doesn’t necessarily predict the price but it definitely takes out of the equation a major selling factor.

Bitcoin BTC
Source: Glassnode

The above is in tandem with a reduction in Bitcoin supply held on exchanges. Research firm Glassnode records a two-year low in the cryptocurrency’s supply found on exchanges down to 2,399,090 BTC.

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. In the short term, the increase in funding rate could give BTC the boost it needs to reach a new ATH, according to Jarvis Labs partner Ben Lilly:

Jet fuel to the upside. Funding rates reset from the drop. Now the liquidity is higher, time to punch it.

BTC is trading at $58,150 with a sideways movement (-0,9%) during the last day. On the weekly chart, BTC has 4.2% gains and 19.3% in the monthly chart.

Bitcoin BTC BTCUSD
BTC showing sideways movement during the past day. Source; BTCUSD Tradingview
Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Recovery Underway

Bitcoin Price Recovery Underway – But Momentum Tells a Different Story?

Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears...

Aayush Jindal 1 hour ago
American Bitcoin

ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading

American Bitcoin, a new cryptocurrency mining venture supported by Eric and Donald Trump Jr., made its debut on Nasdaq on...

Ronaldo Marquez 1 hour ago
Ethereum price prediction Tom Lee news

Ethereum Skyrocket Math: Tom Lee Charts Path To $62,500

BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global...

Jake Simmons 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

token6900-goes-live-today-100x-meme-coin-hype-begins

SPX6900「兄弟盤」TOKEN6900登場 今日下午2點正式上線 能否掀起百倍迷因幣風潮?

Ada Chui 2 minutes ago

Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum

Ash Tiwari 50 minutes ago
maxi-doge-emo-2025-1000x-meme-coin-tw

9月狗狗幣再掀話題 Maxi Doge崛起挑戰迷因幣1000倍幣王座

Mark Mak 1 hour ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    6 hours ago
  • イーサリアム...

    6 hours ago
  • ビットコイン...

    6 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    6 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    7 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.