Data reveals that Bitcoin investors have been acquiring supply at a rate 5.5 times higher than what miners are generating.
Increased Accumulation Among Bitcoin Investor Cohorts
Analyst James Van Straten highlighted the accumulation trends among Bitcoin investor cohorts and compared them with recent spot ETF inflows.
The various investor cohorts represent holders categorized by their cryptocurrency holdings, collectively showcasing significant accumulation.
Shown below is a chart demonstrating the recent net flows into BTC investors’ wallets:
Analysis indicates that Bitcoin investors have been consistently accumulating, outpacing the monthly issuance by miners. This acceleration suggests investors are buying BTC at a faster rate than it is being produced.
Over the past thirty days, investors have purchased 71,000 BTC, nearly 5.5 times higher than the 13,000 BTC minted by miners in the same timeframe.
Exchanges play a crucial role in this scenario, allowing holders to access additional BTC beyond what miners produce.
Another analyst’s observation pointed out that Bitcoin Exchange Reserves have been declining significantly, contributing to the increased demand from investors.
In comparison, while ETFs have added $1.4 billion in BTC, investor net accumulation has surpassed $5.1 billion, underscoring the robust market demand despite the substantial ETF inflows.
Bitcoin Price Update
Bitcoin’s price has remained steady around $71,000 following a recent surge earlier in the week.
