TechFlow, Dec 17 — According to Cointelegraph citing data from Capriole Investments, institutional buying of Bitcoin has once again exceeded new miner supply for the first time in six weeks. Data shows current daily institutional demand is about 13% higher than newly mined Bitcoin output, with institutional demand reducing Bitcoin's circulating supply net over the past three days.
Analysts note this institutional restocking comes after Bitcoin prices dropped more than 30% from their all-time highs in October, indicating some institutions are rebuilding positions during periods of market pressure. Meanwhile, U.S. spot Bitcoin ETFs recorded over $600 million in net outflows during the first two days of this week, highlighting a divergence between short-term capital outflows and long-term institutional positioning.
