Bitcoin Surges 260% to $107,000 as Exchange Supply Hits 3-Year Low

Bitcoin's price has surged above $107,000, marking a significant milestone in its recent rally. This surge is accompanied by a notable decrease in the exchange supply of Bitcoin, which has hit a three-year low of 2.4 million BTC. This reduction in supply is a result of over 800,000 BTC being drained from exchanges since mid-2023, indicating a trend of long-term accumulation by conviction holders.

The price of Bitcoin has been holding firm near $107,882, following a steep rally from $30,000. This price action is supported by a limited float and relentless demand, which continues to fuel momentum across the board. The combination of these factors has reinforced a supply-driven rally, with the price forming each higher leg while the supply gets thinner with each move.

Bitcoin's market cap has climbed to $2.145 trillion, reflecting strong investor commitment at this stage of the cycle. Daily volume has reached $27.76 billion, providing the liquidity required to support sharp upward bursts. Over the last 24 hours, the price ranged between $105,402 and $107,968, printing a clean intraday structure.

The entire circulating supply of Bitcoin remains at 19,886,459 BTC, with just over 1.1 million BTC remaining unmined. This cap enforces real scarcity, especially when paired with the speed of exchange outflows. The trend shows no sign of exhaustion, and the reserve curve is still sloping downward. While bulls control the narrative, all eyes remain locked on the next support flip near $108,000.

This supply compression, coupled with aggressive demand flow, has played a visible role in propping up the current breakout trend. The formation unfolding here isn’t just noise-it’s a sign of constrained float and tightened availability. Price remains in control as exchange supply becomes less of a trading factor and more of a scarcity catalyst.