Bitcoin (BTC) has risen 105% over the last year, propelling the cryptocurrency market close to a valuation of 3.7 trillion USD. Small holders are accumulating BTC at a pace of 19,300 BTC per month, which far outstrips the miners’ production of 13,400 BTC, leading to a significant supply squeeze.
Institutional interest in Bitcoin is growing, with companies like Strategy reporting substantial paper gains from their BTC accumulation. Long-term holders are absorbing Bitcoin at rates that miners cannot match, while short-term holders remain committed, benefiting from average entry prices around 100,000 USD.
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