Bitcoin Supply Squeeze Will Drive Run To New Highs: Bernstein
Bernstein analysts say Bitcoin (CRYPTO: BTC) is poised for new highs, driven by accelerating corporate treasury accumulation, record ETF inflows and a sharp decline in exchange-held supply.
The firm cites a tightening supply-demand dynamic, with institutions and corporates holding nearly 9% of Bitcoin’s total supply, creating a potent setup for price appreciation.
What Happened: Bitcoin is heading toward new highs as a supply squeeze intensifies across the market, according to a new research note from Bernstein on Monday.
The firm pointed to a combination of aggressive accumulation by corporates, record spot ETF inflows and the declining availability of Bitcoin on exchanges as the key drivers behind its bullish outlook.
Bernstein analysts highlighted that Bitcoin balances on …
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