Crypto Currency Supply Shock Inbound - Next Bull Run Imminent? $BTC $ETH $HIVE $ADA
Supply and demand, the basics of economics. Right now we are seeing across the board the supply of crypto currencies that I researched have all been becoming less and less on the exchanges. I believe this will cause an across the board bull run in these currencies, which will then lead to FOMO and an even bigger increase in price.
The Supply Shock is Real
$BTC Bitcoin is being removed from exchanges at a rapid pace, as you can see from the below chart, and when this happens historically the price of Bitcoin goes through a massive run up.
Chart Source:
https://twitter.com/coin_inn/status/1442914435748696066?s=20
- coin_inn
So what about Ethereum? $ETH is also being moved away from exchanges, and since the August changes has been burning more $ETH some days than it is creating. Thus ETH is not only going through a supply shock, it is also a deflationary asset right now. $ETH I could easily see going through a much bigger increase than $BTC in the next few months.
Chart Source:
https://twitter.com/gonzobret/status/1443127013183836160?s=20
- gonzobret
$HIVE the most important coin for all of us on this platform, has also been preparing for a massive bull run. There has been a massive pull away from the exchanges that has not changed and there is now a massive supply shock for HIVE coins. The Price will only go up as demand does...
Chart Source: @penguinpablo/weekly-report-how-much-hive-is-stored-on-the-exchanges-september-29-2021
We saw this supply shock with Cardano $ADA and we saw it pushed to all time new highs in the past month or so because of it. Now Cardano has stabilized on the other side and is ready for another bull run, and once again the supply shock is still in place.
Graph Source:
https://twitter.com/RealAllinCrypto/status/1437337308362158080/photo/1
- RealAllinCrypto
So as I have been saying since the last big bull run this past spring, this fall is going to be YUGE for crypto hodler's if you have been acquiring coins all summer and watching the numbers go up and then down, well you are about to see the next big leg up with no return to previous lows. The market is set, just based on these metrics and the supply shock incoming. The price can only go up in my opinion.
None of this is financial advice. I am not a financial advisor, just a pirate who like charts.
Cheers Mateys! Thanks for reading and remember to upvote this article and follow me for more information!
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