Bitcoin’s miner supply picture remains tighter than in past cycles, but not 
tight enough to call it a true supply shock. New data from Axel Adler Jr.’s 
latest Bitcoin Morning Brief suggests miners still retain a meaningful over- 
the-counter reserve even as exchange-directed selling pressure stays elevated. 
Bitcoin Miners Flash Mixed Signal Adler’s core argument rests on two separate 
but related indicators. One tracks the 30-day moving average of BTC inflows 
from miners to exchanges, which serves as a direct proxy for realized selling 
pressure entering the market. The other measures the aggregate BTC balance 
held on OTC addresses associated with miners, offering a view into how much 
inventory can still be sold outside public order books. Taken together, the 
charts point to a market that is absorbing ongoing miner distribution, not one 
that has suddenly run out of hidden supply. As Adler put it, “For the market 
this is a mixed signal: the hidden OTC overhang is limited compared to past 
cycles, but tactical pressure in the market channel has not yet been removed.” 
Related Reading: Bitcoin Holds $70K – Is The High‑Beta Era Over? That 
distinction matters. A low OTC balance can be read as constructive because it 
implies miners have less sidelined inventory available for large off-exchange 
deals. But if the coins miners are currently producing are still being routed 
to exchanges at an elevated pace, immediate market pressure remains intact. 
The exchange inflow data is central to that argument. According to Adler, 
miner exchange inflows rose noticeably after Halving #4 relative to the early 
post-halving period, and the trend accelerated further from autumn 2025 
onward. By 2026, the 30DMA remained in what he described as an elevated 
regime, indicating that “a significant portion of freshly mined supply is 
still being directed into the market, and current miner pressure cannot be 
considered removed.” Recent weeks have shown some moderation from the latest 
highs, but Adler does not view that as decisive. “In recent weeks the chart 
shows a local pullback from recent peaks,” he wrote. “But against the backdrop 
of strong growth over recent months, this does not yet look like a confirmed 
downward reversal &#8211; rather a pause within a still-elevated exchange inflow 
regime. To speak of a real reduction in miner pressure, a more sustained 
decline of the 30DMA from the current elevated zone is needed, not a short 
oscillation within it.” Related Reading: Bitcoin Miner Selling Pressure Drops 
To Near Three-Year Low The OTC side of the picture is more nuanced. Miner- 
linked OTC balances currently sit around 152.6K BTC, well below the historical 
peak near 595K BTC in 2018 and only modestly above the series low of roughly 
146.9K BTC recorded in July 2025. By long-term standards, that does leave the 
OTC reserve compressed. Still, Adler explicitly pushes back on the idea that 
the reserve is effectively gone. “The current level is close to the lower 
bound of the historical range, but claiming the buffer is ‘almost entirely 
exhausted’ would be an overstatement: more than 150K BTC is still a 
significant volume,” he wrote. “In recent months the OTC balance has been 
oscillating within a relatively narrow range, and in February there was even a 
noticeable upward spike. This looks more like a regime of low but persisting 
reserve than a final phase of complete buffer depletion.” That framing is the 
key to the piece. The report does not argue that miner supply is abundant. It 
argues that the supply backdrop has become structurally tighter than in 
earlier cycles without yet crossing into outright scarcity. Miners have 
“substantially less OTC inventory than in past cycles,” Adler said, but the 
reserve “has not disappeared.” Instead, it “no longer looks large enough to 
create the same hidden supply overhang the market could see previously.” At 
press time, BTC traded at $ Featured image created with DALL.E, chart from 
TradingView.com

Bitcoin Miner Supply Shock Hasn’t Arrived Yet, New Data Suggests

AI&#8217;s rapid growth threatens job security and demands urgent government action 
to prevent economic disruption.
The post Mark Warner: Government and society are unprepared for AI advancements, rising unemployment among recent graduates, and the urgent need for regulatory action | Big Technology appeared first on Crypto Briefing.

Mark Warner: Government and society are unprepared for AI advancements, rising unemployment among recent graduates, and the urgent need for regulatory action | Big Technology

Tech startups must innovate internally to avoid being disrupted by external 
forces, says leading angel investor.
The post Ron Conway: Building a strong company culture is vital for startup success, self-disruption prevents external threats, and active angel investing requires deep founder advocacy | Uncapped with Jack Altman appeared first on Crypto Briefing.

Ron Conway: Building a strong company culture is vital for startup success, self-disruption prevents external threats, and active angel investing requires deep founder advocacy | Uncapped with Jack Altman

Joint CFTC and SEC initiative aims to create a unified regulatory framework 
for the crypto industry.
The post Mike Selig: CFTC and SEC collaboration marks a regulatory shift, Project Crypto aims for unified definitions, and blockchain enables self-custody | The Pomp Podcast appeared first on Crypto Briefing.

Mike Selig: CFTC and SEC collaboration marks a regulatory shift, Project Crypto aims for unified definitions, and blockchain enables self-custody | The Pomp Podcast

A crypto analyst has issued a bold long-term forecast for Bitcoin, predicting 
that a capital rotation out of gold and into Bitcoin will drive the asset to 
$800,000. This prediction is coming at a time when gold’s recent decline has 
caught many financial investors off guard. Biggest Gold To Bitcoin Rotation Is 
Coming Bitcoin has never lacked bold long-term projections, and over the 
years, some of the most optimistic forecasts have placed its future price well 
into six-figure territory and beyond. At different points in the cycle, these 
expectations have stretched as far as $1.5 million, especially during periods 
of institutional inflows into Spot Bitcoin ETFs. Related Reading: How Is 
Bitcoin Price Following A 100-Year Pattern If It’s Only 16 Years Old? Expert 
Tells All However, that wave of extreme bullish sentiment has cooled in recent 
weeks, largely due to the cautious tone across the broader crypto market. Even 
so, that hasn’t stopped a few new high-end Bitcoin price projections from 
surfacing. A crypto analyst known as DonaX₿τ on the social media platform X 
recently put forward one of the most aggressive long-term outlooks in recent 
weeks, with the prediction that the financial markets are on the verge of a 
historic transition from gold into Bitcoin. “Nobody is ready for the biggest 
Gold to Bitcoin rotation in history,” the analyst stated on X, adding a price 
target of $800,000 for Bitcoin. According to the analyst, the Bitcoin price 
will reach $800,000 sometime between 2029 and 2030. At the time of writing, 
Bitcoin is trading at $71,310, meaning that this price prediction places the 
target at more than a tenfold increase from the current price range. Why A 
Rotation From Gold To Bitcoin Is Being Considered Gold recently fell to its 
lowest level in 2026, reaching a low of $4,098 per ounce on Monday, March 23. 
This crash is a reversal from its earlier strength in early February, when 
Bitcoin was going through a simultaneous crash. Related Reading: How Is 
Bitcoin Price Following A 100-Year Pattern If It’s Only 16 Years Old? Expert 
Tells All The move has come despite ongoing geopolitical developments, a 
backdrop that would typically support gold prices. Instead, the precious metal 
went through one of its most severe short-term declines in recent years. 
Bitcoin, on the other hand, has not followed gold lower. Although the Bitcoin 
price recently slipped below $70,000, it is back to trading above it and is 
now posting gains relative to gold. The premise behind the prediction by 
DonaX₿τ is based on this changing investor behavior. Gold is known for being a 
store of value during uncertainty, but recent market dynamics have shown that 
it is not always the case anymore. Bitcoin is now in the picture and is 
attracting institutional capital in ways like gold. Therefore, a full rotation 
from gold into Bitcoin by investors is sure to have an aggressive bullish 
effect on the price of the leading cryptocurrency. An $800,000 target, 
however, would require a significant extension of the current cycle and a 
multi-year accumulation period. Featured image from Pixabay, chart from 
Tradingview.com

Cryptocurrency price in LKR