According to @cas_abbe, BlackRock says if every U.S. millionaire bought 1 BTC, available supply would be insufficient, highlighting a structural scarcity backdrop. According to @cas_abbe, 87% of BTC supply has not moved in 6+ months and only about 2.3M BTC is liquid, tightening tradable float. According to @cas_abbe, the U.S. has 7M+ millionaires and spot BTC ETFs are already absorbing more than daily issuance, creating a persistent order-flow imbalance. According to @cas_abbe, this setup implies a potential supply squeeze narrative that traders may track via ETF net inflows versus on-exchange liquid supply.

According to @AltcoinGordon, there is a growing concern about exchanges potentially running out of Bitcoin and Ethereum, which may lead to liquidity crunches and increased price volatility. For traders, this signals the importance of monitoring on-chain data and exchange reserves, as a supply squeeze could drive rapid price spikes or slippage during high-volume trades. This scenario underlines the need for proactive risk management strategies and highlights opportunities for holders with off-exchange assets to benefit from emerging supply shortages (Source: @AltcoinGordon on Twitter, May 28, 2025).

According to Cas Abbé on Twitter, BlackRock purchased 5,600 BTC worth $531 million yesterday, while Fidelity, Bitwise, and Grayscale were selling their holdings (source: Cas Abbé, May 6, 2025). Despite this large acquisition, the Bitcoin price did not spike because BlackRock executed the trade primarily through over-the-counter (OTC) channels, which do not directly impact spot market prices. Traders should monitor OTC activity and potential future supply crunches, as these large institutional moves could have delayed effects on Bitcoin market liquidity and price action.