TechFlow news, December 14 — 10x Research posted on social media stating that a growing number of people believe Bitcoin is facing a supply crunch, particularly due to continuous accumulation by Bitcoin ETFs and MicroStrategy, reducing Bitcoin's available supply and laying the foundation for a potential "squeeze" scenario.
Over the past 30 days, centralized exchanges recorded a net outflow of 124,000 bitcoins. Coinbase, which holds the largest Bitcoin reserves, saw an outflow of 72,000 bitcoins—nearly 10% of its total balance. Binance experienced an outflow of 29,000 bitcoins, leaving it with 570,000 bitcoins. Other major exchanges such as Gemini, OKX, and Kraken also saw significant outflows, with Kraken’s outflow accounting for approximately 7–8% of its holdings.
If these trends continue and demand remains strong, the market could face a severe Bitcoin supply shortage. The introduction of options on Bitcoin ETFs could further exacerbate this situation, potentially triggering additional gamma squeezes and amplifying upward price momentum.
