June 27 (Cointime) - A popular crypto strategist has identified a bullish signal for Bitcoin, as the available supply for trade is decreasing for the first time in the cryptocurrency's history. This available supply is a percentage of the circulating supply that is not held by long-term investors.
The decline in supply could lead to a significant bull run in the future, as demand for Bitcoin continues to increase and supply dries up.
The strategist also notes that institutional adoption, including BlackRock's application for a spot Bitcoin ETF, will further increase demand and reduce supply.
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