#美联储重启降息步伐 According to the latest Bitcoin distribution data, the current global Bitcoin supply situation presents several noteworthy characteristics. Firstly, the vast majority of Bitcoins have been successfully mined and entered the circulating market. Even more striking is that up to 17.6% of Bitcoins have been confirmed as permanently lost, which amounts to nearly one-fifth of the Bitcoins in the market disappearing forever.

This phenomenon, combined with the inherent scarcity characteristics of Bitcoin, creates a unique market dynamic. As Bitcoin continues to implement its pre-set halving mechanism, the rate of new coin production will continue to decrease, while the total supply cap remains unchanged. In this context of slowing supply growth and permanent loss, the price mechanism of Bitcoin becomes the only variable that can naturally adjust.

From an economic perspective, when the supply of an asset is constrained and a portion of the stock has permanently left the market, if demand remains stable or grows, a price increase becomes almost inevitable. This also explains why many analysts believe that the upcoming Bitcoin halving event may have a positive impact on its price.

The unique supply model of Bitcoin, combined with its irreversible loss situations, provides us with an important perspective for understanding its potential value dynamics.