Bitcoin Gears Up for a Supply Squeeze as Miners and HODLers Clamp Down

After several failed attempts to breach the $110,000 price mark over the past week, leading coin Bitcoin may be set for a decisive breakout.   On-chain data shows coin accumulation is quietly intensifying, and the bullish signals are beginning to align. Bitcoin Supply Tightens as Miners Hold and Velocity Hits 3-Year Low BTC’s Velocity has slowly declined since July started, indicating that the coin is entering a low-supply environment. On July 8, the on-chain metric, which measures how frequently BTC changes hands over a given period, closed at a three-year low of 12 source: https://beincrypto.com/btc-price-gearing-up-for-supply-shock/