According to @fundstrat, Bitcoin could reach a price between $2.5 million and $3 million due to the fact that over 95% of all Bitcoin has already been mined, while nearly 95% of the global population does not yet own any Bitcoin. This creates a strong supply-demand dynamic, where the limited circulating supply and anticipated demand from both retail and institutional investors could drive significant upward price movements. Traders should closely monitor on-chain supply data and institutional inflows, as increased scarcity and adoption trends may result in bullish momentum for Bitcoin (source: @smtgpt via Twitter, June 2, 2025).

According to AltcoinGordon, Bitcoin ($BTC) reserves on exchanges are significantly decreasing, indicating a shift in supply and demand dynamics. This trend suggests a potential bullish sentiment among traders, as reduced exchange reserves often imply that investors are moving their BTC to cold storage, anticipating price increases. Traders should monitor this trend closely, as historical data indicates a correlation between declining exchange reserves and bullish market movements. For more insights, consider exploring the supply and demand factors influencing Bitcoin pricing.