Bitcoin nears 100,000 USD: Bitcoin is getting very close to the 100,000 USD mark, with the current price approximately at 99,258.22 USD after reaching over 99,600 USD. On major exchanges, the available BTC for sale is quite limited, with only a few hundred BTC standing between the current price and a new price record. This creates significant demand pressure as the available amount of BTC becomes increasingly scarce.

Potential BTC supply shortage: On Coinbase Prime, there are currently only 1,000 BTC available for sale at the 100,000 USD price level. This is equivalent to the average daily purchase amount by Bitcoin ETFs. Additionally, the BTC inventory on exchanges is at a record low of just 2.3 million BTC. This doesn’t mean that BTC holders are ready to sell.

On-chain activities and FOMO index: On-chain BTC activities have recorded over 810,000 transactions in the past 24 hours, similar to the peak price levels in March. The fear and greed index is currently at 94, indicating the market’s optimistic sentiment. BTC’s open interest on major exchanges remains near a record 32 billion USD, indicating lively trading with a balance between long and short orders.