Bitcoin market faces supply shortage — CoinMarketCap

Bitcoin reserves on crypto exchanges have plunged to a six-year low, hitting just 2.6 million BTC. Since early November, investors have withdrawn over 425,000 coins, opting to secure their holdings for the long term. Analysts at Fidelity Digital Assets attribute this trend to growing corporate interest in the flagship cryptocurrency.

Public companies have collectively acquired roughly 350,000 BTC, with Michael Saylor's MicroStrategy buying 285,000 coins. Japanese firm Metaplanet has accumulated 5,000 BTC and plans to double its holdings by year-end. Asian corporations are also showing growing interest in the cryptocurrency as a hedge against economic volatility.

The recent launch of Bitcoin ETFs in the US is reinforcing institutional demand, further tightening market conditions. CoinMarketCap analysts warn that a supply crunch coupled with rising investor interest could significantly impact the asset’s price in the future. Adding to the debate, Prince Philip Karadordevic, hereditary Prince of Serbia and Yugoslavia, has pointed to Bitcoin's artificial suppression by major market players and the potential for a sharp surge in its price.