Reportedly, the monthly demand for Bitcoin has skyrocketed to nearly 213K tokens in 2024. CryptoQuant has revealed that alongside this surge in demand, the token's availability has decreased to 2.7M, marking a significant decrease in liquidity. This spike in demand from 40K to over 213K BTC has been largely influenced by whale activity.

The rise in demand for Bitcoin to unprecedented levels in 2024, combined with the decrease in token availability to 2.7M, suggests a potential liquidity crisis for the leading cryptocurrency. The surge in demand can be attributed to increased ETF purchases, as big investors also work on increasing their allocation of Bitcoin.

Moreover, the supply of Bitcoin for sale is continuously decreasing, with approximately 2.7M tokens available on major platforms. This number has dropped from the peak figure of 3.5M tokens in March 2020. The imbalance between demand and supply raises the possibility of short-term price spikes, emphasizing the importance of monitoring liquidity levels closely.