Bitcoin Supply Hits Four-Year Low Amid Market Downturn

The Bitcoin market has been experiencing a prolonged decline, with institutional and retail panic driving prices lower. According to recent data from CryptoQuant, the available supply of Bitcoin has decreased significantly, reaching its lowest point since 2022. This trend is comparable to previous market downturns, including the infamous FTX implosion.

The decrease in supply can be attributed to the massive outflows seen in the market, with short-term holders being forced to sell their assets. However, experts believe that this may indicate an imminent shift towards stability, as long-term holders and whales remain in the market.