TechFlow, on August 11, Curated Crypt posted an analysis indicating that the amount of Bitcoin purchased by small and medium-sized wallet holders has surpassed the current output level of miners. At the same time, large wallet holders such as institutions and enterprises have consistently accumulated Bitcoin at a rate significantly exceeding miner production over the past two years.
This data indicates growing demand for Bitcoin from both retail and institutional investors, further intensifying the scarcity of Bitcoin on-chain.
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