Somewhere in the frost-bitten fields of Twitter, where certainty is as fleeting as the Siberian sun, Jeremie Davinci—pioneer of Bitcoin, YouTuber, and unintentional poet of digital fate—has thrown pebbles into the crypto pond. His message? A CryptoQuant chart, echoed by the click of a tweet, promising: the great Bitcoin feast is nearly over, and crumbs alone will remain for those slow on the draw. 🍞
Of course, Davinci, with all the gravity of an oracle at Delphi armed with a Bloomberg terminal, suggests we should clutch our ledgers tightly. The chart he brandishes shows the Bitcoin heaps on exchanges “falling” in a dramatic descent, as if coins are scared by market volatility and have fled to the countryside. The implication: Buy your Bitcoin now, or risk bartering sandwiches for satoshis in a not-so-distant future.
“Supply shock is brewing”—and so is my morning coffee ☕
Not content to merely hint, Davinci proclaims, “No Bitcoin left on exchanges!”—a statement almost Proustian in its exaggeration. Miners, he says, are hoarding their digital spoils like misers with a fever for tungsten cubes. The specter of a supply shock looms large, or at least makes for a fine headline and a flurry of emoji reactions.
No Bitcoin left on exchanges!
Miners aren’t selling. A supply shock is brewing
— Davinci Jeremie (@Davincij15) May 13, 2025
Reality, however, remains as stubborn as Moscow traffic. While the chart shakes its head gravely, Bitcoin supply on exchanges only shrinks to roughly 2.4 million BTC. One honest follower, perhaps weary from doomscrolling, gently corrects this poetic license in the comments, inviting Davinci to update his metaphors (or his eyesight). 🕶️
January 2024: Bitcoin Supply Shock—Prophets, Predictions, and BlackRock in the Snow
The saga begins, as many do, with someone claiming to have read the future—Samson Mow, CEO of JAN3, graced with the confidence of a Dostoevsky protagonist staring down a casino debt, predicted the double shock of Bitcoin supply and demand. He gazed into Gary Gensler’s SEC-approved ETFs and foresaw BlackRock and friends gobbling up Bitcoin faster than miners could mine—or influencers could shill.
Mow’s vision: ETFs and chasing institutions would create a supply-demand arm-wrestle, a halving would slice rewards, and then—kaboom!—the Bitcoin price would leap by a million dollars in what he dubbed an “Omega candle.” The poetry of apocalypse, but on a price chart. Waxing dramatic, but, hey, sometimes numbers are just numbers and sometimes they are Dostoevsky with a candlestick.
Meanwhile, reality crashed the party again. It wasn’t the ETF or the halving that kicked Bitcoin into new orbital highs, but rather the plot twist of Donald Trump winning in November 2024. Mark Twain would’ve been proud—fact remains stranger than financial fiction—sending Bitcoin soaring to $109,100 right as Trump recited something presidential.
BlackRock’s ETF: Olympic-Grade Inflows and Schadenfreude
They say 20 days forms a habit. For BlackRock, it was 20 days of crypto gluttony, a streak confirmed by a solemn-yet-delighted Nate Geraci, President of ETF Store, on the X app (which truly sounds like something out of a Russian cyber-dystopia).
During these 20 days, BlackRock’s ETF amassed $5 billion—presumably enough to buy a small moon or at least a very large Twitter following. The “no demand for Bitcoin” myth, hawked by critics like Peter Schiff, is left shaking in its golden boots. Astounding, really: each analyst tweet disproved in real time, each new ETF inflow a cosmic punchline. 🚀
Read More
2025-05-13 14:19