Bitcoin scarcity has returned to the spotlight as Binance highlighted that over 94% of the total 21 million BTC supply has already been mined. The exchange noted that this underscores Bitcoin’s fixed issuance and diminishing future supply—a factor that historically reinforces its long-term value narrative.
The announcement came as BTC traded near $73,498, down about 1.27% on the day, with sellers pushing price toward a critical support cluster. Bitcoin was testing the 99-day moving average around $73,050, having already slipped below the 7-day MA at $75,793 and the 25-day MA at $78,489, signaling weak short-term momentum.
Volume on the latest red candle rose slightly to approximately 19,540 BTC, indicating active selling but no panic. A daily close below $73,050 could open the door to $72,500, with further downside targets at $70,000 and the $65,000–$66,000 zone. On the upside, BTC must reclaim $75,500–$76,000 (near the 7-day MA) to ease immediate pressure, while a break above $78,500 (25-day MA) would put the recent $82,850 high back in focus.
The scarcity narrative, while not new, arrives during a fragile price phase after repeated rejections from the $80,000 region. Binance’s reminder of Bitcoin’s fixed supply cap is being monitored alongside near-term technical levels, making the next daily close pivotal for short-term direction.
