Jeremie Davinci, an early Bitcoin adopter and YouTuber, has revealed a tweet that gained traction with the crypto neighborhood quick.
Davinci has shared a CryptoQuant chart a drastic decline within the Bitcoin provide held on numerous cryptocurrency exchanges. He believes that quickly it is going to be fairly exhausting to purchase any BTC in any respect.
“Provide shock is brewing”
Davinci revealed a chart and a message to the neighborhood, saying that there’s “no Bitcoin left on exchanges.” The billionaire added that crypto miners usually are not promoting BTC now, subsequently, he concluded: “A provide shock is brewing.”
Nevertheless, the chart exhibits that the entire absence of Bitcoin on buying and selling platforms in not precisely proper. It exhibits a pointy decline of Bitcoin provide on exchanges to roughly 2.4 million BTC. One in every of Davinci’s followers pointed this out within the feedback.
No Bitcoin left on exchanges!
Miners aren’t promoting. A provide shock is brewing pic.twitter.com/jVmYST4GZa
— Davinci Jeremie (@Davincij15) Could 13, 2025
First Bitcoin provide shock predicted in January 2024
The primary who started predicting a Bitcoin provide and demand shocks coming was the CEO at JAN3 Samson Mow. He made that prediction in January 2024 when the SEC below Gary Gensler’s rule authorized the launch spot Bitcoin exchange-traded funds (ETFs). As soon as launched, the ETFs with BlackRock’s IBIT as a pacesetter began accumulating BTC, shopping for per day greater than Bitcoin miners produced.
Mow predicted that with the ETFs persevering with accumulating Bitcoin at a tough tempo and different monetary establishments becoming a member of them in that race, there’ll quickly be a) a Bitcoin demand shock and b) a Bitcoin provide shock for the reason that fourth BTC halving was due on April 20, and c) these two Bitcoin shocks would conflict, propelling the Bitcoin worth as much as $1,000,000 in a single or a number of Omega candles.
Because it turned out, it was fairly Donald Trump’s victory within the November 2024 election fairly than ETF accumulating BTC or the halving that drove Bitcoin to a number of new all-time highs, together with the one among $109,100 on Trump’s inauguration day – January 20, 2025.
BlackRock ETF welcomes inflows for 20 consecutive days
BlackRock’s influx streak has now reached 20 days in succession, as was identified on the X app earlier right now by ETF Retailer President Nate Geraci.
He identified that over these previous 20 days, the ETF has raked in a whopping $5 billion in investments. Thus, Geraci has shattered the “no Bitcoin demand” narrative just lately voiced by a number of analysts, together with Bitcoin critic Peter Schiff.
