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One of the reasons for the Bull Run not happening this year is that it's as if we're back in 2018!
The Bitcoin supply ratio on exchanges has reached only 14.5% ‼️
This is the lowest level in 7 years — the last time we saw this number was in August 2018! 😳
This simply means: People/institutions are no longer selling... People/institutions are hoarding and tightening their cold wallets 🧊
This is one of the strongest indicators of a Bull Run.
🚀 Supply decreases, demand increases... and the price? The rest is up to you to figure out 😉.
$BTC
{spot}(BTCUSDT)
#BTC