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Sygnum: Bitcoin supply has decreased by 30% over the past 18 months, which may trigger a price rise.
Gate News bot news, according to the "June 2025 Monthly Investment Outlook" published by Sygnum Bank, the circulating supply of Bitcoin is rapidly tightening, and as demand continues to rise, this lays the foundation for potential price pumps.
Sygnum analysts point out that over the past 18 months, the circulating supply of Bitcoin has decreased by 30%, mainly due to the adoption by institutional investors and the rise of Bitcoin buying tools.
These entities (including ETFs and corporate buyers) are steadily withdrawing Bitcoin from exchanges, a move that is often seen as favorable. The report states: "The rapid shrinkage of Bitcoin's circulating supply is creating conditions for demand shocks and upward volatility."
Since the end of 2023, the Bitcoin balance on exchanges has decreased by about 1 million BTC. This trend is accelerating as more and more funds issue shares or bonds to purchase Bitcoin, promoting further absorption of the existing supply.
At the same time, geopolitical and financial uncertainties, especially regarding the weakening of the dollar and the expansion of U.S. debt, have prompted investors to flock to the cryptocurrency market.
Source: Cointelegraph