Early Bitcoin Adapter and YouTuber Jeremie Davinci has published a tweet that gained fast traction in the Crypto community.
Davinci shares the dramatic decline in Bitcoin supply held by various cryptocurrency exchanges on its crypto charts. He believes that buying BTC is extremely difficult right away.
“The supply shock is brewing.”
Davinci published a chart and message to the community, saying, “There is no Bitcoin left in the exchange.” The billionaire added that he concluded that “supply shocks are being brewed” because crypto miners are not selling BTC now.
However, this chart shows that Bitcoin is not entirely incorrect for trading platforms. This indicates that Bitcoin supply has dropped sharply to around 2.4 million BTC in exchange. One of Davinci’s followers pointed out this in the comments.
There are no Bitcoin left in exchange!
Miners don’t sell it. The supply shock is brewing pic.twitter.com/jvmyst4gza
– Davinci Jeremie (@Davincij15) May 13, 2025
First Bitcoin Supply Shock Projected in January 2024
It was the CEO of Jan3 Samson Mow who began to predict the shock of Bitcoin supply and demand. He made that forecast in January 2024 when the SEC approved the launch spot Bitcoin Exchange Sales Fund (ETF) under the rules of Gary Gensler. Once released, ETFs using BlackRock’s IBIT as the leader began accumulating BTC and purchased per day than Bitcoin Miners produced.
Mow is the other financial institutions that will be participating in that race, where ETFs continue to accumulate bitcoin at a hard pace, and there will soon be a) a demand shock for bitcoin and b) a supply shock for bitcoin since half of the fourth BTC was paid on April 20th, c) these two bitcoin shocks deserve the price of bitcoin to one cadge.
As it turns out, it was not Harving, where the ETF accumulates BTC or promotes Bitcoin to some new all-time highs, but Donald Trump’s victory in the November 2024 election.
BlackRock ETF welcomes 20-day inflows
BlackRock’s influx stripes have now been achieved for 20 consecutive days, as ETF Store president Nate Geraci pointed out earlier today on the X app.
He noted that over the past 20 days, ETFs have raked together a whopping $5 billion in investment. Thus, Gerasi shattered the “No Bitcoin Request” narrative recently expressed by several analysts, including Bitcoin critic Peter Schiff.
