$BTC Scarcity Index Turns Slightly Negative 📉
Bitcoin is hovering near $67K, but supply dynamics just shifted.
The Scarcity Index dipped to –0.0037 — small move, but structurally important.
🔎 What it means:
• Exchange supply is expanding
• More BTC sits in liquid environments
• Accumulation isn’t aggressive
Not panic. Not breakdown.
Just hesitation.
This reflects a fragile equilibrium — demand isn’t strongly absorbing supply, and conviction looks moderate.
A move back above 0 would signal renewed accumulation and stronger structure.
Until then, liquidity stays accessible… and volatility risk