After a sharp drop in August, Bitcoin is once again aiming bullishly at its current all-time high price, as the largest digital asset reclaims and holds above the $115,000 price mark. Following its renewed upward strength, it appears the surge has triggered a notable adoption among investors, leading to a spike in BTC’s Scarcity Index.

Binance Bitcoin Scarcity Index Major Surge

Just as Bitcoin is regaining upward traction, several crucial metrics are starting to exhibit a bullish trend. Presently, the mechanics of the supply of Bitcoin on exchanges are changing once more, as evidenced by the recent dramatic increase in Bitcoin Scarcity Index on Binance, the world’s largest cryptocurrency exchange.

In a quick-take post on the CryptoQuant platform, Arab Chain, a market e

See Full Page