Bitcoin Faces Liquidity Squeeze in Coming Months Due to Spot ETF Inflows, Miners and Exchanges Hold Supply

• Bitcoin headed for a sell-side liquidity crisis in 6 months due to spot ETF inflows, according to CryptoQuant CEO • Bears can't win until spot Bitcoin ETF inflow stops; exchanges & miners hold 3M BTC • Bitcoin currently in price discovery phase; next cyclical top may exceed expectations due to limited sell-side liquidity • Retail on-chain activity active but doesn't indicate cyclical top yet • Bitcoin trading at $71,487, set new ATH of $72,733 on Tuesday, up 12% past week