Bitcoin Magazine published a program featuring Mitchell Askew, head of Blockware Intelligence, who argued that Bitcoin is still rallying even after a Federal Reserve rate hike and the failure of the Clarity Act, while on-chain data suggests sellers may be nearing exhaustion.
Askew focused on long-term holder supply, which the program said reached an all-time high of 15 million BTC this summer. He said the large amount of Bitcoin remaining inactive points to a market with less available supply from potential sellers, which could leave more room for price appreciation.
The episode also said Bitcoin ETF flows offer a window into institutional demand returning to the market. Askew used those flows to discuss what they may show about institutional buyers coming back.
Topics listed in the episode chapters
The chapter list on the publication page shows the discussion extended well beyond near-term price action.
- Askew’s view on Bitcoin’s rally
- Whether Bitcoin selling pressure is exhausted and the role of long-term holder supply
- Bitcoin ETF flows and returning institutional buyers
- Why the four-year halving cycle is breaking
- AI data centers pulling compute away from Bitcoin mining
- The hash rate bear market and whether Bitcoin holders should worry
- Stranded energy, global mining, and AI data center arbitrage
- Why Gen Z is not buying homes
- Whether Gen Z will ever save in Bitcoin
- Shallower drawdowns and the future of Bitcoin cycles
The original post also included a disclaimer saying the views expressed are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or affiliated entities. It said the material is for informational and educational purposes only and should not be taken as investment, legal, tax, or accounting advice, or as a solicitation, recommendation, endorsement, or offer to buy or sell securities or financial instruments.
The post first appeared on Bitcoin Magazine and was written by Patrick Green.