Bitcoin's supply on cryptocurrency exchanges has reached historic lows, signaling a significant shift in market dynamics. Over the past 72 hours, more than 55,000 BTC, worth approximately $5.34 billion, has been withdrawn from exchanges, indicating strong accumulation by institutional investors and large holders. This movement coincides with Bitcoin's price nearing $100,000, following a 40% surge post the U.S. Presidential Election. Companies like MicroStrategy have been actively acquiring Bitcoin, with MicroStrategy alone holding 386,700 BTC, representing 1.9% of the total supply. The withdrawal of such a substantial amount of Bitcoin from exchanges, including 30,000 BTC in one week, suggests a potential supply shock, which could lead to increased volatility and pressure on Bitcoin's price as demand continues to rise. MicroStrategy's stock has seen a 465% year-to-date increase, peaking at $473 before a sharp decline, highlighting the volatility associated with Bitcoin investments. The market is entering a price discovery phase, where Bitcoin's trading above its last all-time high could lead to significant price movements.