#USCryptoWeek Prominent crypto analytics firm Glassnode says demand for Bitcoin (BTC) is massively outpacing new supply issued by miners.
Glassnode says on the social media platform X that wallets owned by entities holding less than 100 Bitcoin are rapidly snapping up the crypto king at a rate of $2.359 billion BTC per month.
In contrast, new Bitcoin supply entering the market from miners comes in at a rate of about $1.638 billion in BTC per month.
“Looking at accumulation by wallet size: shrimps, crabs, and fish – wallets with <100 BTC – are accumulating ~19,300 BTC/month, while miner issuance stands at 13,400 BTC/month.
