Happycoin.club - Large investors are actively accumulating Bitcoin, as evidenced by the uninterrupted flow of capital into American spot Bitcoin ETFs. This was once again brought to the attention of the crypto community by analyst James Van Straten. It is interesting that the accumulation on the part of Bitcoin investors has recently exceeded the monthly emission. In other words, the leading cryptocurrency is being bought faster than miners can produce it.
So, over the last 30 days, investors purchased 71,000 bitcoins, which is almost 5.5 times more than what miners produced over the same period - about 13,000 coins. This situation has been observed almost throughout the past 12 months, with the exception of a few short periods. For those who expressed surprise at where investors get the required amount of bitcoins, the analyst clarified that purchases are made through exchanges. Another analyst, known under the nickname CruptoQuant Quicktake, also noted that the exchange reserve of Bitcoin on centralized cryptocurrency exchanges is sharply declining.
Comparing the demand of Bitcoin investors with the recent influx of capital into ETFs, Straten noted that these investment vehicles replenished their BTC reserves by $1.4 billion over the month. On the other hand, during the same time, investors accumulated the main cryptocurrency by more than $5.1 billion. It turns out that demand in the market has been significant recently, despite the sharp influx of funds recorded by exchange-traded funds.
