Supply Shock: BTC Exchange Reserves Hit Record Lows

Heads up - internal whispers from the big desks suggest a massive BTC supply crunch is starting to bite. We’re seeing record outflows from exchanges to cold storage over the last 48 hours. The ETF issuers are gobbling up everything in sight and there’s barely any sell-side pressure left at these levels. Word is a major sovereign fund is about to announce a spot position. This is the supply shock we talked about.