Deep Tide TechFlow News, on August 11, Curated Crypt's analysis indicates that the Bitcoin purchasing volume of small and medium wallet holders has surpassed the current output level of miners. Meanwhile, large wallet holders, such as institutions and enterprises, have significantly accumulated more Bitcoin over the past two years than the mining output.

This data suggests that the demand for Bitcoin from retail and institutional investors is continuously growing, further intensifying the scarcity of on-chain Bitcoin.