{"id":146636,"date":"2025-01-13T16:00:31","date_gmt":"2025-01-13T14:00:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146636"},"modified":"2025-01-13T15:06:57","modified_gmt":"2025-01-13T13:06:57","slug":"bitcoin-supply-plummets-as-institutional-buyers-fuel-potential-price-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-supply-plummets-as-institutional-buyers-fuel-potential-price-surge\/","title":{"rendered":"Bitcoin Supply Plummets as Institutional Buyers Fuel Potential Price Surge"},"content":{"rendered":"
The total reserves dropped<\/a> <\/strong>to 2.35 million BTC<\/a> <\/strong>by January 13, a sharp decline linked to consistent accumulation by large-scale players, according to CryptoQuant.<\/p>\n This reduced supply aligns with increasing activity from hedge funds, which are reportedly leveraging the market dip to expand their crypto portfolios. Bitwise\u2019s research head, Andr\u00e9 Dragosch, noted a rising correlation between hedge fund performance and Bitcoin, suggesting a stronger commitment to the asset.<\/p>\n A supply squeeze could be on the horizon, with demand outpacing supply. In December, U.S. Bitcoin ETFs purchased nearly triple the amount of Bitcoin mined, pushing the cryptocurrency to a record $108,300. However, analysts caution that low trading volumes may hinder Bitcoin\u2019s climb above the critical $100,000 mark in the short term.<\/p>\n