Institutional Bitcoin Purchases Surpass Miner Supply for First Time in Six Weeks

According to ChainCatcher, data from Capriole Investments, as reported by Cointelegraph, indicates that institutional buying of Bitcoin has exceeded the new supply from miners for the first time in six weeks. The data reveals that the current daily institutional buying strength is approximately 13% higher than the amount of newly mined Bitcoin, leading to a net reduction in Bitcoin circulation supply over the past three days. Analysts note that this wave of institutional buying follows a more than 30% decline from Bitcoin's historical high in October, suggesting that some institutions are accumulating assets during a period of market pressure. Meanwhile, the U.S. spot Bitcoin ETF has seen a net outflow of over $600 million in the first two days of this week, indicating a divergence between short-term capital outflows and long-term institutional allocations.