Analyst: Institutional buying has once again surpassed the new supply of Bitcoin, marking the first supply contraction in six weeks

According to Cointelegraph citing data from Capriole Investments, institutional buying of Bitcoin has once again surpassed the new supply from miners, marking the first time in six weeks.

Data shows that current institutional daily buying power exceeds the number of newly mined Bitcoins by about 13%. Over the past three days, institutional demand has consistently resulted in a net decrease in the circulating supply of Bitcoin.

Analysis indicates that this round of institutional replenishment occurred after Bitcoin's price fell more than 30% from its historical high in October, suggesting that some institutions are reaccumulating positions during a market pressure phase. Meanwhile, the cumulative net outflow from U.S. spot Bitcoin ETFs exceeded $600 million in the first two days of this week, indicating a divergence between short-term capital outflows and long-term institutional allocations.