Bitcoin Supply Dwindling as Investor Demand Rises, Priming Cryptocurrency for Potential Price Surge

Bitcoin supply dropping to 5-year low of 2.3M tokens on exchanges, making asset primed for "supply shock", per analyst Matt Weller.

Over 3M bitcoin haven't moved in 10+ years, compared to current 19.5M total supply and 21M max supply.

Spot bitcoin ETFs could "fundamentally alter supply and demand", making bitcoin available to new investors.

Bitcoin has regained "uncorrelated asset" status by decoupling from equities and rallying as stocks correct.

Small allocation from big funds to bitcoin as uncorrelated asset could be very bullish for crypto, Weller says.