River’s analysis shows businesses are absorbing significant amounts of Bitcoin, totaling 1,755 BTC daily, outpacing the mining output of about 450 BTC. This trend indicates a shift towards institutional wallets, boosting the demand for Bitcoin.
While firms and funds are significantly enhancing Bitcoin absorption, individual investors represent a notable net outflow of approximately -3,196 BTC daily. The data suggests an evolving ownership landscape as institutional inflows outpace new mining supply.
Leave a Reply