Bitcoin is hovering near $67K, but supply dynamics just shifted. The Scarcity Index dipped to –0.0037 — small move, but structurally important. 🔎 What it means: • Exchange supply is expanding • More BTC sits in liquid environments • Accumulation isn’t aggressive Not panic. Not breakdown. Just hesitation. This reflects a fragile equilibrium — demand isn’t strongly absorbing supply, and conviction looks moderate. A move back above 0 would signal renewed accumulation and stronger structure. Until then, liquidity stays accessible… and volatility risk remains. Price shows action. Supply shows intent. 👀
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$BTC Scarcity Index Turns Slightly Negative 📉
Bitcoin is hovering near $67K, but supply dynamics just shifted.
The Scarcity Index dipped to –0.0037 — small move, but structurally important.
🔎 What it means:
• Exchange supply is expanding
• More BTC sits in liquid environments
• Accumulation isn’t aggressive
Not panic. Not breakdown.
Just hesitation.
This reflects a fragile equilibrium — demand isn’t strongly absorbing supply, and conviction looks moderate.
A move back above 0 would signal renewed accumulation and stronger structure.
Until then, liquidity stays accessible… and volatility risk remains.
Price shows action.
Supply shows intent. 👀