{"id":471746,"date":"2021-09-16T17:00:55","date_gmt":"2021-09-16T17:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=471746"},"modified":"2024-06-11T11:24:00","modified_gmt":"2024-06-11T11:24:00","slug":"short-term-supply-of-bitcoin-affecting-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/short-term-supply-of-bitcoin-affecting-price\/","title":{"rendered":"How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset\u2019s Price"},"content":{"rendered":"<p class=\"p1\">This year has been marked by numerous lows for bitcoin. The digital asset has seen yearly lows in the exchange reserves, transaction fees, and now, the short-term supply of bitcoin is down. The short-term supply has been shrinking for the past year. With declining volumes showing trends that have not been seen in the past five years. Given the low volume of bitcoin transactions, which has led to low transaction fees, only few bitcoins are moving around the network.<\/p>\n<h2 class=\"p1\">One And Three-Month Lows Show Shrinkage<\/h2>\n<p class=\"p1\">Bitcoin is no longer being spent as it was in the past. One of the leading ideas behind the creation of the digital asset was so it could double as a currency, one which was not controlled by any one person or entity. Early adopters stuck to this initial vision. Using BTC for purchases where they can. Metrics show that in the past month, 6.8% of the asset\u2019s total supply has been spent. While the three-month trend shows that only 15.8% of the total supply has been spent by investors.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-suffers-as-mid-caps-establish-dominance\/\">Bitcoin Suffers As Mid Caps Cryptos Establish Market Dominance With Wide Margin<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">The three-month lows show the short-term supply of bitcoin is shrinking to 2015 lows. In the month of August, short-term supply hit a low of 6.75%. With a slight increase that only happened after the asset had recovered back towards the $50,000 mark. But this did not last long. The supply per month is in a declining trend, indicating that subsequent months will also see shrinking short-term supply.<\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-471747 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Screen-Shot-2021-09-15-at-22.25.05.png?resize=460%2C336\" alt=\"Chart showing short-term supply of bitcoin\" width=\"460\" height=\"336\">BTC supply has continually shrunk for the past three months | Source: <a href=\"https:\/\/www.research.arcane.no\/\" rel=\"nofollow\">Arcane Research<\/a><\/pre>\n<h2 class=\"p1\">How Short-Term Supply Affects Bitcoin Price<\/h2>\n<p class=\"p1\">Although low, the declining short-term supply of bitcoin does spell good news for the asset. It indicates that investors are still holding on to their coins, showing bullish sentiment amongst the investor community. It also shows that bitcoin\u2019s recent gains have motivated investors to hold their funds. Instead of moving it onto exchanges to sell and cash out their gains.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-learn-to-trade-crypto-trading\/\">New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">With hold sentiment on the rise, it will play into the favor of BTC. The asset\u2019s value is likely to rise with more investors holding their BTC bags. Increased sell pressure also motivates new investors to buy into the coins. Simultaneously motivating old investors to stay and ride out the low periods in wait for the bull markets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/kafuDiQc\/\" alt=\"Bitcoin price chart from TradingView.com\" width=\"1354\" height=\"686\"><\/p>\n<pre style=\"text-align: center\">BTC price trading above $48,000 | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p1\">The current trends show declining short-term supply has happened when the asset has witnessed a crash or dip in its price. It is obvious that investors are taking advantage of these price dips to top up their bags. Panic selling has also dropped dramatically in the market with more understanding of price movements. Leading to more diamond hands in the market. Bitcoin, it seems, has entered the era of holding.<\/p>\n<pre style=\"text-align: center\">Featured image from Master The Crypto, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>This year has been marked by numerous lows for bitcoin. The digital asset has seen yearly lows in the exchange reserves, transaction fees, and now, the short-term supply of bitcoin is down. The short-term supply has been shrinking for the past year. With declining volumes showing trends that have not been seen in the past five years. Given the low volume of bitcoin transactions, which has led to low transaction fees, only few bitcoins are moving around the network. One And Three-Month Lows Show Shrinkage Bitcoin is no longer being spent as it was in the past. One of the leading ideas behind the creation of the digital asset was so it could double as a currency, one which was not controlled by any one person or entity. Early adopters stuck to this initial vision. Using BTC for purchases where they can. Metrics show that in the past month, 6.8% of the asset\u2019s total supply has been spent. While the three-month trend shows that only 15.8% of the total supply has been spent by investors. Related Reading |\u00a0Bitcoin Suffers As Mid Caps Cryptos Establish Market Dominance With Wide Margin The three-month lows show the short-term supply of bitcoin is shrinking to 2015 lows. In the month of August, short-term supply hit a low of 6.75%. With a slight increase that only happened after the asset had recovered back towards the $50,000 mark. But this did not last long. The supply per month is in a declining trend, indicating that subsequent months will also see shrinking short-term supply. BTC supply has continually shrunk for the past three months | Source: Arcane Research How Short-Term Supply Affects Bitcoin Price Although low, the declining short-term supply of bitcoin does spell good news for the asset. It indicates that investors are still holding on to their coins, showing bullish sentiment amongst the investor community. It also shows that bitcoin\u2019s recent gains have motivated investors to hold their funds. Instead of moving it onto exchanges to sell and cash out their gains. Related Reading |\u00a0New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course With hold sentiment on the rise, it will play into the favor of BTC. The asset\u2019s value is likely to rise with more investors holding their BTC bags. Increased sell pressure also motivates new investors to buy into the coins. Simultaneously motivating old investors to stay and ride out the low periods in wait for the bull markets. BTC price trading above $48,000 | Source: BTCUSD on TradingView.com The current trends show declining short-term supply has happened when the asset has witnessed a crash or dip in its price. It is obvious that investors are taking advantage of these price dips to top up their bags. Panic selling has also dropped dramatically in the market with more understanding of price movements. Leading to more diamond hands in the market. Bitcoin, it seems, has entered the era of holding. Featured image from Master The Crypto, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":471748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84288,12210,1119,1144,78790],"class_list":["post-471746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-short-term-supply","tag-bitcoin-supply","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset\u2019s Price<\/title>\n<meta name=\"description\" content=\"This year has been marked by numerous lows for bitcoin. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset\u2019s Price","url":"http:\/\/wncen.com\/news\/short-term-supply-of-bitcoin-affecting-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/short-term-supply-of-bitcoin-affecting-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/btc-3.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/btc-3.jpeg?fit=1000%2C646"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin short-term supply","bitcoin supply","btc","btcusd","btcusdt"],"dateCreated":"2021-09-16T17:00:55Z","datePublished":"2021-09-16T17:00:55Z","dateModified":"2024-06-11T11:24:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset\\u2019s Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/short-term-supply-of-bitcoin-affecting-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/short-term-supply-of-bitcoin-affecting-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/btc-3.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/btc-3.jpeg?fit=1000%2C646\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin short-term supply\",\"bitcoin supply\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2021-09-16T17:00:55Z\",\"datePublished\":\"2021-09-16T17:00:55Z\",\"dateModified\":\"2024-06-11T11:24:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/btc-3.jpeg?fit=1000%2C646","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/471746"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=471746"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/471746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/471748"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=471746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=471746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=471746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}