Bitcoin (BTC) to $150K? Looming Supply Shortage To Trigger Rally
The post Bitcoin (BTC) to $150K? Looming Supply Shortage To Trigger Rally appeared on BitcoinEthereumNews.com.
There is a shortage in Bitcoin’s OTC supply. Investors’ behavior after OTC depletion could push BTC to $150,000. FUD or FOMO could follow BTC’s current state, depending on market makers’ behavior. A Bitcoin analyst on X has highlighted a scenario that could trigger a BTC price rally. In a recent post, the analyst noted a potential shortage in Bitcoin supply looming. He forecasted the possibility of the cryptocurrency reaching $150,000 soon, depending on investors’ behavior. There’s ONLY 140,000 BTC left on OTC markets. If microstrategy makes three more purchases, ALL OTC BTC is depleted. If the ETFs accumulate as much as they did in January, OTC BTC is depleted. If the U.S. and 15 states begin to buy bitcoin… you get the idea. There’s almost no… pic.twitter.com/t3XQkyOSmW — The Modern Investor (@ModernInvest) February 9, 2025 The analyst argued that the reason Bitcoin price has remained relatively stagnant since January despite massive BTC purchases by whales and institutional investors is because those investors choose to buy Bitcoins over the counter (OTC). Related: BlackRock CEO “Surprised” by Bitcoin ETF’s Record-Breaking Demand According to the analyst, they do so to avoid purchasing via crypto exchanges and therefore pushing the price high, making it more expensive for them to buy later on. OTC Bitcoin Supply Dwindling? Importantly, from the analyst’s review of OTC supply, the total balance available on the Bitcoin OTC desk is 140,000 BTC. That amount can diminish quickly or even run out if notable investors like the ETF providers and Michael Saylor’s Strategy embark on their usual purchasing spree. The analyst believes it would take Strategy about three purchases to deplete the supply, leaving other buyers with no option but patronizing crypto exchanges. The analyst laid out the possibilities that could follow a depletion of the OTC supply, including creating FUD…
Filed under: News - @ February 10, 2025 6:17 pm