Guy Who Urged People to Buy Bitcoin at $1 Warns of Imminent Supply Shock

One of Bitcoin's earliest adopters, Jeremie Davinci, has issued a stark warning to the crypto community: a Bitcoin supply shock may be imminent.

In a viral tweet, Davinci, a well-known crypto YouTuber, shared a CryptoQuant chart highlighting the declining trend in BTC held across centralized cryptocurrency exchanges.

While the chart still reflects approximately 2.4 million BTC in exchange wallets, Davinci emphasized the trend—noting that miners are no longer selling, further reducing available supply.

“No Bitcoin left on exchanges. A supply shock is brewing,” he stated.

No Bitcoin left on exchanges.

A supply shock is brewing. ⛏️

Miners sold the last coins. Now they're not selling anymore.

This is going to get interesting. 🍿

(Chart: CryptoQuant) pic.twitter.com/mG8rZ78L9D

— Jeremie Davinci (@jeremiedavinci) May 11, 2024

Though some followers corrected the claim that there is “no BTC” left on platforms, Davinci’s broader point resonated: available liquidity is drying up, and accumulating Bitcoin could become much harder in the near future.

This aligns with broader market sentiment that long-term holders and institutions are tightening their grip on Bitcoin, even as prices remain above $100,000.

If this trajectory continues, a supply squeeze could propel BTC to new highs amid rising demand.