The available volume of Bitcoin on trading platforms has dropped to 14.5%, signaling a potential market shortage. This decline is linked to mass withdrawals by users and long-term investors.
Liquidity Decline of Bitcoin
The percentage of Bitcoin available on exchanges has fallen to 14.5%, the lowest level since August 2018. This has been noted by analysts at *Glassnode*, who indicate a significant decline in market liquidity.
Market Shortage Signals
The decrease in Bitcoin reserves on exchanges coincides with intensified withdrawals initiated by long-term investors and large holders. Additionally, reserves on over-the-counter (OTC) trading platforms related to mining have dropped by 21% since the beginning of 2025, reaching a historically low level of 155,472 BTC. This sets the stage for a potential imbalance between demand and supply.
Bullish Trend on the Horizon
As supply decreases, investments in Bitcoin-related ETFs continue to grow. Since the beginning of June, these funds have attracted over $4.7 billion, indicating strong institutional demand. Some analysts predict that, if the current trend persists, Bitcoin prices could reach between $140,000 and $200,000 by the end of the year.
The decline in Bitcoin liquidity combined with growing institutional interest creates conditions for a potential significant price increase. However, it may also exacerbate the concentration of holdings among large players, raising concerns about network stability and governance.
