Institutions have purchased 690,710 bitcoins this year, while only 109,072 bitcoins have been mined during the same period.
According to a report by Jinse Finance, a chart released by Bitcoin Archive shows that institutions have purchased 690,710 bitcoins (BTC) this year, while only 109,072 bitcoins (BTC) have been mined during the same period—data source: Bitwise. This means that demand is six times greater than supply.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Hyperliquid platform whales currently hold $4.293 billions in positions, with a long-short ratio of 0.9
Nasdaq Head of Crypto Business Pledges to "Accelerate" Stock Tokenization Process
Today's Fear and Greed Index remains at 28, indicating a level of fear.
Trending news
MoreCrypto prices
More
