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Sign InBitcoin's liquid supply on cryptocurrency exchanges has plummeted to an all-time record low, signaling a potential supply crunch in the market. On-chain analytics firm Arkham Intelligence has identified recent transactions totaling $130 million as belonging to Cameron and Tyler Winklevoss. The Gemini exchange was specifically identified as the destination for these significant Bitcoin transfers. This broader decline in exchange balances reflects a growing investor preference for private storage to mitigate counterparty risk. While large-scale transfers to exchanges are often monitored for potential sell-side pressure, the overall reduction in exchange liquidity is historically viewed as a bullish indicator. Analysts suggest that a continued supply shock could drive significant price appreciation if market demand remains steady or increases.