The Bitcoin supply squeeze is on as demand outpaces mining production

While Bitcoin (BTC) rips through fresh all-time highs, climbing above $118K and $120K within reach, the metrics of the rally are getting far more complex than just bullish sentiment. On-chain data shows an emerging imbalance in supply and demand reminiscent of late 2020. BTC price is now up by 105% over the last year and […] source: https://www.cryptopolitan.com/bitcoin-supply-squeeze-is-on/