$445,254

Market cap ÷ Circulating Supply = Price

If we consider what's left on an exchange as Circulating supply, and if Coinglass is even remotely close as to there being 1.88M BTC left on exchanges, and BTC's market cap being $840B.

$840,000,000,000 ÷ 1,886,562 BTC = $445,254.38

Obviously this is all based not only on speculation, but also a completely different view on pricing. And without even considering OTC.

But the day OTC dries up and ETFs are forced to buy on the spot market, it's something to consider.

Were already on the boarder of a supply shock/crisis, and that can only be guesstimated from this week, to a few months from now, and the halvening approaching, were in to pass the moon and go to Mars.

Edit: Before I get hate, I'm making it clear I know that it's not only speculation, but also not a reliable calculation. I'm more so speculating from a unique view of how close the supply crisis is, and how much it's gonna rocket us.