Bitcoin Faces Sell-Side Liquidity Crisis as Demand Reaches Unprecedented Levels: CryptoQuant

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The chances of Bitcoin facing a sell-side liquidity crisis in the next few months are very high due to demand for the digital asset soaring to unprecedented levels.from CryptoQuant, analysts expect the present Bitcoin sell-side liquidity inventory to cover demand for six to twelve months. Conversely, a plunge in liquid inventory could pull Bitcoin’s price northward.Monthly demand for Bitcoin has risen from 40,000 BTC at the start of 2024 to 213,000 BTC at writing time.

Analysts also consider Grayscale’s GBTC Bitcoin holdings as sell-side liquidity because the ETF has added to the BTC supply for sale through massive investorWith Bitcoin demand skyrocketing and sell-side liquidity falling, the liquid inventory of Bitcoin has plummeted to its lowest ever in terms of monthly demand.

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