Cointelegraph••1 min read
Bitcoin Institutional Buying Exceeds Mined Supply After 6 Weeks: Report
The Arch TakeBullish
According to reports, institutional buying of Bitcoin has surpassed the daily mined supply of BTC for the first time in six weeks. The data indicates a shift in market dynamics, with institutional demand now exceeding the new supply of Bitcoin entering the market. This development marks a change since the beginning of November, suggesting renewed or increased interest from institutional investors in acquiring Bitcoin. The report highlights the evolving role of institutions in the Bitcoin market and their potential impact on price and supply dynamics.
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