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Bybit, one of the world’s leading cryptocurrency exchanges, warns about a possible supply shock for Bitcoin (BTC). The alert comes amid high expectations for the Bitcoin halving and a record diminishing BTC supply on exchanges. On April 15, Bybit published a report making bold claims regarding Bitcoin’s available supply in the cryptocurrency market. According to the company’s research team, the 2 million BTC standing in exchange reserves will only last for nine more months . Bitcoin exchange reserves. Source: CryptoQuant/Bybit For that outcome, Bybit assumes a daily inflow of $500 million to Bitcoin Spot ETFs. This would hypothetically result in a 7,142 BTC outflow from exchanges, ending within the 9-month suggested period. Picks for you Japanese Yen (JPY) struggles at a 34-year low against the U.S. Dollar 20 mins ago MANTRA’s incubation program launched at the Dubai World Trade Center 54 mins ago Nimiq Pay to transform the crypto payment l...

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