Why Bitcoin is heading toward $150,000: Binance's non-executive supply reaches all-time high
Issue Summary
According to the latest data released by Binance, Bitcoin (BTC) non-circulating supply has reached an all-time high. This development could pave the way for BTC to advance toward $150,000 by the end of 2025.
Sentiment Analysis
This issue is expected to have a positive impact on the market. (90/100)
Technical Summary
An increase in the non-circulating supply of Bitcoin means that the amount of Bitcoin circulating on exchanges decreases. This implies that Bitcoin liquidity in the market is shrinking and the amount of Bitcoin held by investors is increasing. This situation can stimulate a rise in Bitcoin's price and enhance price stability in the long term.
Background
Bitcoin has recently been recognized as a safe haven asset amidst global economic conditions and financial market instability. Furthermore, many investors are choosing Bitcoin as a safe haven asset due to concerns about inflation and currency devaluation. Consequently, Bitcoin is gaining popularity among investors, and these global economic conditions are supporting the rise in its price.
Trend
This issue suggests that an increase in non-volatile supply in the cryptocurrency market allows us to anticipate a rise in Bitcoin's price. As Bitcoin's price rises, there is a possibility that more investors will enter the market. Furthermore, this trend sends a positive signal to the overall market and can increase the growth potential of the cryptocurrency market.
Outlook
As the non-operational supply of Bitcoin increases, trading volume in the market decreases, which can heighten price volatility. Therefore, while future price movements may become more difficult to predict, there is a possibility that the price of Bitcoin will rise from a long-term perspective. Furthermore, an increase in investors holding Bitcoin non-operationally can enhance market stability and lead more investors to trust Bitcoin.