Key dealers
- Bitcoin ETFS has bought almost nine times more BTC than miners produced over the past five days.
- This indicates extremely strong institutional demand for bitcoin compared to the new supply that enters the market.
Bitcoin Exchange-traded funds purchased almost nine times more bitcoin than miners produced over the past five days, indicating that the demand for digital asset is considerable to surpass a new range.
The purchase activity from ETFs shows continued institutional appetite for Bitcoin exposure through regulated investment vehicles, while the comparison with mining production highlights the limited speed at which new Bitcoin enters the market.
Bitcoin miners validate transactions and secure the network while serving recently coined bitcoin as rewards, which creates the primary source for fresh selection. The Cryptocurrency protocol limits the total supply and gradually reduces mining rewards over time.
