- Bitcoin supply on exchanges has dropped to a 4-year low as institutions and governments rapidly accumulate the asset, reducing availability for retail investors.
- With demand rising and supply shrinking, analysts predict a major bull run that could push Bitcoin beyond $200K.
Bitcoin’s supply on centralized exchanges has dropped to its lowest point in four years, sparking speculation of an impending bull rally. But what’s behind this significant shift in Bitcoin’s availability — and what does it mean for investors?

Analysts point to growing institutional accumulation as the primary factor. Between April 21 and 25, over $3 billion flowed into Bitcoin ETFs, with total institutional holdings now exceeding $128 billion. Governments like the U.S., China, and the U.K., along with emerging market players like El Salvador and Bhutan, have been quietly amassing Bitcoin reserves. Following Donald Trump’s announcement about building a U.S. Bitcoin reserve, a “Bitcoinization” arms race seems to be underway.
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As institutions lock Bitcoin away in long-term storage, the available supply for retail investors continues to shrink. According to Sergej Kunz, founder of exchange aggregator 1inch, retailers may soon find themselves priced out of Bitcoin altogether. “They should be planning to buy at least 1 Bitcoin now,” he warned, forecasting a potential surge past $200K in the coming years.
Currently trading around $97,000, Bitcoin is still below its projected peak. With only 900 BTC mined daily — and institutions like MicroStrategy holding more than 538,000 BTC — supply pressure could push prices past $1 million, some analysts predict.
For those unable to afford a full Bitcoin, altcoins offer an accessible entry point into the market. Some standout options include:
- BTC Bull Token ($BTCBULL): A deflationary meme coin rewarding holders with real Bitcoin during each milestone.
- MIND of Pepe ($MIND): A crypto AI agent launching May 10 that scans the market for breakout tokens.
- Turbo ($TURBO): A GPT-4-created meme coin trending again after a 200% surge last month.
As Bitcoin’s scarcity becomes more pronounced, the urgency to act is growing. While the market presents opportunities, volatility remains. Do your own research (DYOR) and consider diversified investments aligned with your risk profile.