Supply Squeeze soon?

As Litecoin continues to evolve, we could be heading towards a major provide squeeze. Right here's why:

Wealth Distribution

In line with BitInfoCharts, the wealth distribution of Litecoin reveals a extremely concentrated provide amongst just a few addresses:

• Prime 10 addresses maintain 16.05% of the whole provide.
• Prime 100 addresses account for 42.78%.
• Prime 1,000 addresses management 71.13%.
• Prime 10,000 addresses dominate with 98.18% of the whole.

For comparability, Bitcoin's distribution is much much less concentrated:

• Prime 10 addresses: 5.68%.
• Prime 100 addresses: 15.20%.
• Prime 1,000 addresses: 32.36%.
• Prime 10,000 addresses: 55.99%.

This disparity highlights Litecoin's provide focus, making it extra prone to sudden provide modifications pushed by massive holders.

Miner Reserves

The chart from IntoTheBlock showcases a major collapse in Litecoin miner reserves. Traditionally, such tendencies have correlated with decreased promote strain from miners, which may amplify shortage out there.

The Greater Image

With demand rising, miners holding much less and whales searching for larger costs, the market may expertise a provide squeeze. If key gamers resolve to carry relatively than promote, Litecoin's already concentrated provide may result in a pointy value surge.

Ideas?

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