- Bitcoin reached $96,000 with fewer coins available and more buyers in.
- The 172,705 BTC was purchased in February and is the best since the FTX crash.
- Increased demand and reduced supply lead to higher Bitcoin prices.
Fewer coins were available and when buyers entered the photo, Bitcoin exceeded $96,000. On the demand side, demand occurred after the FTX collision when an astounding 172,705 BTC was purchased.
#bitcoin demand is increasing rapidly! 🚀
Since February 23, investors have purchased $172,705 in BTC. This is the best since the #FTX crash just before #BitCoin started rising again.
With fewer coins available and more people buying, #bitcoin is gaining strength for the next big move. #btc pic.twitter.com/lesiebinmi
– Rananjay Singh (@todaycryptorj) March 22, 2025
The effect of a decrease in coins on price
The supply dynamics represented on the charts were in stark contrast to the price movements of Bitcoin trading platforms. The graph shows that coins have fallen into the market while Bitcoin prices have skyrocketed. BTC supply spiked after FTX crashed when prices bottomed out. Since early February 2023, newly mined BTC in the market has been significantly lower. In that case, only a limited number of coins introduced circulation. The classic case of limited supply resulting from rising demand supports an increase in Bitcoin prices from $20,000 to $96,000 in a very short period.
With fewer coins available in the market, increasing competition among buyers has created upward pressure on Bitcoin prices. The biggest purchase of Bitcoin was registered after the FTX issue, which strengthened the investors’ sense of self-confidence in their minds and minds. The basic observation is that supply is limited due to peak acquisitions, so demand itself gives the market even higher and the ability to set the scene for rally. This trend suggests that the market is likely to be strong here.
