Deficit of supply of bitcoins on the crypto market

The founder of the research company Glassnode, Raphael Schulze-Kraft, shared an important conclusion: realBitcoin supply drops sharply.According to him, since 2017, the number of digital assets unavailable for purchase and sale has been growing faster than the volume of available liquid assets of this type, including because until May 2020, miners mined 1800 bitcoins daily, and then only 900 bitcoins per day. ...

The amount of illiquid #Bitcoin supply in the network has grown more than the circulating supply since 2017.

Meanwhile, liquid supply continues to see a steep decrease.

Pair this with the demand from MSTR, Square, Tesla, Grayscale et al., And understand how bullish this is. pic.twitter.com/wiZsswqXKp

- Rafael Schultze-Kraft (@ n3ocortex) February 25, 2021

Talking about the current situation, the analyst calculated,that there are about 3 million bitcoins, which he attributed to the group of "highly liquid". There is also a contingent reserve of such assets on the market in the amount of another million bitcoins, but 14.5 million bitcoins are assets that are not available for purchase and sale.

The current liquid / illiquid #Bitcoin supply numbers:

— highly liquid: 3M
— liquid: 1M
— illiquid: 14.5M

Chart (Pro needed): https://t.co/kPqNXQyZfm pic.twitter.com/A7P4iJUsWz

- Rafael Schultze-Kraft (@ n3ocortex) February 25, 2021

Schulze-Kraft writes that “along with the demand,which is presented for bitcoins by such companies as MicroStrategy, Square, Tesla, Grayscale, such a situation with the supply of this digital asset works in favor of its price growth ”. Indeed, investors such as MicroStrategy, Square and Grayscale have not just invested in bitcoins, but are demonstrating a desire to continue investing in digital assets.

Total for all institutional investors inCurrently, there are already $67 billion invested in bitcoins. Michael Saylor, head of MicroStrategy, commenting on the return of Bitcoin to the level of 50 thousand dollars, which was observed on February 25, said thatthe total capitalization of the cryptocurrency market may reach $ 100 trillion in the future against the current $ 1.5 trillion.

Jiles Koglan, Senior Market Analyst at HYCM,believes that there is a good chance that in the course of a possible correction, the price of bitcoin will not go below the level of 40 thousand dollars. At the same time, he believes that some altcoins have a chance to overtake the dynamics of bitcoin in terms of growth, at least for a short distance. Indeed, other digital assets are now also feeling the influx of investor funds, and the level of Bitcoin dominance in the market (61.3%) is now noticeably lower than in December 2017.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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