Sygnum analysts note that the shortage of bitcoins on trading platforms is due to an increase in demand for the digital asset, as well as the fact that large investors are transferring their coins to long-term storage in cold wallets. Large public companies, including Strategy, BSTR Holdings, and Metaplanet, continue to expand their bitcoin reserves, which further reduces the number of coins available for trading.
According to Clemens Huber, head of research at Sygnum, bitcoin demonstrates unique potential as a means of saving and payments. He emphasized that in 2024, the total volume of transactions in the Bitcoin network exceeded the indicators of the international payment system Visa, reaching $ 15.8 trillion against $ 14.8 trillion for Visa. The growth of activity in the cryptocurrency network was accompanied by an increase in the share of illiquid coins - today they make up about 75% of the total number of mined bitcoins, that is, out of 19.9 million BTC.
Forecasts by Sygnum experts suggest that if current trends continue, Bitcoin will strengthen its position as a competitor to traditional financial instruments. At the same time, there is a risk of high volatility and possible short-term price corrections, especially if the market faces a sharp increase in sales.
Earlier, Strategy, the largest corporate holder of bitcoins, announced the start of the placement of an additional package of five million preferred shares. The proceeds are planned to be used to purchase bitcoin, which indicates further interest in accumulating crypto assets.
Thus, the Bitcoin market is in a phase of significant shortage of liquid coins, which is supported by the growing interest of institutional investors and long-term holders. This confirms the growing role of Bitcoin as a digital asset with the potential to scale as a store of value and settlement tool.