Sygnum Bank: Bitcoin liquidity tightening may trigger a new round of price fluctuations

Odaily Planet Daily News: Sygnum Bank pointed out in its latest market outlook analysis that the circulating supply of Bitcoin has decreased by about 30% in the past 18 months, leading to a significant decrease in market liquidity. Analysts say that with the increase in ETF fund inflows and the rising interest of governments in Bitcoin reserves, the market may face a "demand shock", where the number of buyers far exceeds the available amount of coins. In addition, the volatility of the US treasury bond bond market and the weakening of the US dollar have increased the attractiveness of Bitcoin as a safe haven asset, further boosting the demand for it. These factors working together may trigger upward fluctuations in Bitcoin prices in the coming months. （CoinDesk）