Bitcoin Price Surge

Bitcoin reached $96K as fewer coins are available and more buyers enter.

• 172,705 BTC were bought in February, the highest since the FTX crash.
• Increasing demand vs. dwindling supply pushes Bitcoin’s price higher.

As lesser coins become available and more buyers enter the picture, Bitcoin has crossed $96,000. Since February 23, a staggering 172,705 BTC were bought, indicating significant demand for Bitcoin has emerged. Following the FTX crash, the market has altered notably, with rising demand coupled with fading supply strengthening the coin’s position, currently pushing its price above $96,000. These dynamics suggest the market is gathering strength for the next aggressive move.

> ## Bitcoin demand is growing fast! 🚀
> Since February 23, investors have bought 172,705 $BTC, the highest since the #FTX crash, just before Bitcoin started rising again.
> With fewer coins available and more people buying, Bitcoin is gaining strength for the next big move. #BTC pic.twitter.com/lesieBinMI — Rananjay Singh (@TodayCryptoRj) March 22, 2025

Impact of Decreasing Coins Available on Price

The supply dynamics contrast sharply with price movements on the Bitcoin trading platform. The graph indicates that while Bitcoin’s price surged, the introduction of coins to the market fell. After the FTX crash, the supply of BTC surged when the price bottomed. Since early February 2023, newly mined BTC in the market has drastically decreased. Consequently, only a limited number of coins were introduced to circulation, exemplifying the classic case of limited supply resulting from rising demand, which supports Bitcoin’s price hikes from $20,000 to over $96,000 in a short time.

With fewer coins available in the market, intensified competition among buyers has created upward pressure on Bitcoin’s price. The largest purchases of Bitcoin after the FTX issue have bolstered investor confidence. An essential observation is that with acquisitions at a peak, the coins have limited supply, giving demand the ability to propel the market higher, setting the stage for further rallies. Trends suggest the market will likely remain strong.