By ogaaloysius on Skatehive
https://kimi-web-img.moonshot.cn/img/substackcdn.com/a94f8c338daec6fc8b7aee9ccbd84b9011d446b7.png Bitcoin at $67K looks stable. Under the surface, conviction is cracking. Reading the Fine Print: When Bitcoin Signals Hesitation A Ghanaian student's take on supply dynamics the headlines miss Bitcoin hovers at $67,000. The price looks healthy. But I just read something that changed how I see this market. The Scarcity Index slipped to negative 0.0037. That tiny number means Bitcoin is no longer structurally scarce. Coins are moving back to exchanges. Conviction is cautious. Liquidity remains accessible. Three months ago I would not have understood this. I would have seen $67K and bought more PEPE. Today I am learning to read beneath the price. What Negative Scarcity Actually Means When the Scarcity Index sits above zero, Bitcoin shows real strength. Exchange supply declines. Coins move to private wallets. Long-term holders accumulate. Supply tightens. Price eventually follows. When it drop