The offer in Bitcoin circulation is quickly tightened, preparing the way for potential overvoltages as demand continues to grow, depending on the monthly investment prospects of June 2025 of Sygnum Bank.
Sygnim analysts noted that Bitcoin’s liquid supply (BTC) has dropped 30% in the last 18 months, mainly pulled by institutional adoption and the rise of Bitcoin acquisition vehicles.
These entities, including negotiated stock markets (ETF) and business buyers, have regularly withdrawn the exchanges, a decision generally considered optimistic.
“The offer of Bitcoin shielding fluid creates the shock and volatility conditions on the rise,” said the report.
Since the end of 2023, Bitcoin Bitcoin sales have dropped by around 1 million BTC. The trend accelerates while an increasing number of funds emit equity or debt to buy Bitcoin, an element of supplies more available.
At the same time, geopolitical and budgetary uncertainties, in particular around the weakening of the US dollar and American debt, lead investors to cryptographic markets.
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Three American states approve of Bitcoin reserves
Adding to the momentum, three American states have recently adopted legislation authorizing Bitcoin reserves. New Hampshire has already signed such a bill, Texas likely to follow.
Meanwhile, international interest increases. Sygnim stressed that the Pakistan government and the United Kingdom reform, the party currently led by the British elections, announced the intention to explore Bitcoin reserve strategies.
Although the official Bitcoin reserve purchases do not materialize, Sygnim said that when they start, they could be a major catalyst for the upward price movement, “both because of the demand it creates and because of the signaling effect.”
Institutional purchase is not the only factor at stake. The image of Bitcoin as a swelling Act except is reinforced by the recent dynamic of the market. The report underlined the sale of American Treasurys in the midst of budgetary conditions, the demand for bitcoin and gold in May.
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Bitcoin rising volatility surpasses
Sygnim has also reported the volatility profile of Bitcoin improvement. In the past three years, rising volatility has exceeded the volatility of the decline, a sign of market maturation and increasing institutional participation.
“Although throughout the history of Bitcoin, downward shocks have often been higher than upward shocks in the past three years (since June 2022), rising volatility has constantly exceeded the volatility of the decline,” said the report.
Sygnim has also mentioned that the ether (ETH) takes up the momentum after years of sub-performance. The recent Pectra upgrade has resulted in strong growth in income and a renewal of the interests of the main financial institutions to build tokenization platforms in Ethereum and its layer 2 networks.
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