Bitcoin's Running Up... But Nobody's Selling? This Bull Run's Built Different

By Johnbull Myson | The Node Next Door | 25 May 2025


Let’s get one thing straight:
This isn't your 2017 bull run.
It’s not even your 2021 hype train.

This time, Bitcoin’s breaking records — and not just on price.
For the first time ever in a bull market, BTC supply on exchanges is decreasing… while price keeps going up.

Sounds backward? It’s not.
It’s terrifying — in the best way possible.


What’s Actually Happening?

Usually, when price pumps, people rush to take profits.
Traders move BTC back to exchanges.
Sell pressure builds. We see volatility, dumps, panic tweets.
Rinse. Repeat.

But not this time.

  • Bitcoin on exchanges is drying up.

  • Supply is getting locked in cold wallets, multisigs, and staking protocols.

  • Big wallets aren’t dumping. They’re disappearing.

So we’ve got rising demand, shrinking supply, and a whole crowd of people still “waiting for a better entry.”
Yeah… good luck with that.


This Is What a Supply Shock Looks Like (Before It Hits)

If you're new here:
A supply shock = when a lot of people want to buy something, but very little of that thing is available.

Now apply that to Bitcoin — the hardest money on Earth, with a fixed 21M cap, where:

  • ~4M BTC are already lost forever

  • ~3M are held by institutions, ETFs, and HODLers with zero plans to sell

  • <10% of supply is even sitting on exchanges right now

You don’t get dips.
You get illiquidity chaos.
When buyers show up and the shelves are empty… prices don’t just rise.
They explode.


Zoom Out: This Bull Run Is Built Different

What we’re witnessing is accumulation in motion — not distribution.
That’s not bullish. That’s parabolic potential.

So while everyone’s still staring at the charts…
Wondering if we’ll “retest $45k” before going higher…

Bitcoin is slowly exiting the chat.


TL;DR for the Degens:

  • BTC price = rising

  • BTC on exchanges = dropping

  • BTC holders = not selling

  • BTC demand = climbing

  • BTC supply = borderline extinct

Do the math.

A supply shock is coming.
You can front-run it.
Or you can chase green candles later.

 

 

How do you rate this article?

19


Johnbull Myson
Johnbull Myson

Hey, I’m Johnbull — a professional Digital Marketer, Social Media Manager, and Community Manager/Moderator. I specialize in building online presence, managing Web3 communities, and driving real engagement across platforms.


The Node Next Door
The Node Next Door

Welcome to the wild side of Web3. I’m Johnbull — digital marketer, community mod, and full-time crypto lunatic. This blog covers the real stories behind airdrops, token flops, Discord chaos, and everything in between. No fluff, no fake hype — just raw takes, lessons from the trenches, and thoughts from someone who lives on-chain. If you like Web3 with a pulse, you’ll feel at home here.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.