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Sign InBitcoin balances across major cryptocurrency exchanges have plummeted to their lowest levels ever recorded, signaling a significant shift in market dynamics. This trend indicates that investors are increasingly moving their assets into private cold storage for long-term holding, effectively reducing the liquid supply available for trading. Analysts, including Vivek Sen, suggest that this scarcity could trigger a massive 'supply shock' if demand remains steady or increases. With fewer coins available for immediate sale, any surge in buying activity is likely to create substantial upward pressure on prices. The reduction in exchange liquidity reflects a growing 'HODLing' sentiment and a decrease in immediate selling pressure. Market observers are now closely monitoring BTC/USD and spot Bitcoin ETFs like IBIT and FBTC as the supply-demand imbalance intensifies.