Guy Who Urged People to Buy Bitcoin at $1 Warns of Imminent Supply Shock

By: bitcoin ethereum news|2025/05/13 23:30:06

Jeremie Davinci, one of Bitcoin’s earliest adopters and a well-known crypto YouTuber, has issued a stark warning to the crypto community: a Bitcoin supply shock may be imminent. In a viral tweet , Davinci shared a CryptoQuant chart showing a sharp decline in the amount of BTC held across centralized cryptocurrency exchanges. While the chart still reflects approximately 2.4 million BTC in exchange wallets, Davinci emphasized the trend—noting that miners are no longer selling, further reducing available supply. “No Bitcoin left on exchanges. A supply shock is brewing,” he stated. Though some followers corrected the claim that there is “no BTC” left on platforms, Davinci’s broader point resonated: available liquidity is drying up, and accumulating Bitcoin could become much harder in the near future. This aligns with broader market sentiment that long-term holders and institutions are tightening their grip on Bitcoin, even as prices remain above $100,000. If this trajectory continues, a supply squeeze could propel BTC to new highs amid rising demand. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/guy-who-urged-people-to-buy-bitcoin-at-1-warns-of-imminent-supply-shock/

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