Bitcoin price reaches record highs, while the stock exchange credit collaps
There has been a strong divergence between the Bitcoin exchange balance sheets and the increasing market price – a sign of renewed long -term accumulation and a shortage of the offer.
The latest glass node chart shows that Bitcoin reaches new highs over $ 120,000, while the BTC held on the stock exchanges fall at multi-year lows.
Bitcoin offer to stock exchanges continues
Since the end of 2024, the number of Bitcoin that is kept on central stock exchanges has decreased steadily. From a maximum of almost 3.3 million BTC in mid -2024, the stocks fell to less than 2.8 million by July 2025. This decline reflects aggressive drains that are probably related to cold storage, self -storage and institutional accumulation. Most recently, the stock exchange stocks during the house have dropped so deeply in 2020 and early 2021.
The most remarkable decline began in March 2025 when Bitcoin had just recaptured the $ 90,000 mark. Since then, the credit has dropped every month, with June and July recording the strongest monthly declines this year.
BTC price increases in the middle of a shrinking offer to over $ 120,000
While the stock markets sank, the Bitcoin price rose. After he had consolidated around the $ 90,000 by early 2025, BTC broke the $ 100,000 mark in April and climbed up aggressively in July. At the end of June, the price crossed the $ 110,000 mark and exceeded the $ 120,000 mark at the beginning of July, although fewer and fewer coins were available on the stock exchanges.
This opposite relationship indicates that the increasing demand runs after the shrinking supply. Since there are less liquid BTC in circulation, every outbreak gains upstairs to the strength and drives the prices further up.
Market outlook: directed upwards because the offer is scarce
In the past, large household phases were always falling ahead. The current trend is reminiscent of the years 2020-2021 when the BTC course in less than a year from $ 10,000 increased to over $ 60,000.
If the stock market oaldes continue to fall while the demand continues, Bitcoin could enter another parabolic phase. In view of the ETF inflows, the institutional interest and the macroeconomic tailwind, all the signs indicate that an offered bull market will gain momentum.
