Will BTC bleed as its supply in the U.S. declines

and other cryptocurrency holders wondering about the potential outcome. These developments in the United States have sparked speculation about how market movements could affect BTC’s price.has shed light on the situation. The influence of the U.S. market on Bitcoin has declined.supply changes across different regions. The overwhelming dominance of U.S. entities during 2020-2021 has reversed, with the U.S. supply dominance dropping by 11% since mid-2022.

In contrast, European markets have remained relatively neutral over the past year, while there has been a significant increase in supply dominance observed during Asian trading hours.informed its users about the impact of the SEC’s crackdown, which has led to the suspension of certain services. As stated in the post, the platform is temporarily halting USD deposits.

Additionally, customers were notified that Binance US’s banking partners are preparing to temporarily pause the withdrawal channels for fiat as early as June 13, 2023. Consequently, Bitcoin holders in the United States can no longer withdraw or deposit funds from their bank accounts directly. This development can further diminish the region’sBased on a CryptoQuant chart,has experienced a recent outflow of funds, indicating that more BTC holders have been withdrawing their holdings. The move is likely due to growing fear, uncertainty, and doubt . Specifically, on June 8, there was a negative flow of over 26,000 BTC as withdrawals from exchanges surged.

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