Bitcoin institutional buys flip new supply for the first time in 6 weeks

Bitcoin buying power from institutions flipped the daily mined BTC supply for the first time since the start of November, new data showed.

Bitcoin (BTC) institutional demand is finally outpacing new supply as the market hits a key pivot point.

Key points:

Bitcoin institutional demand is now 13% higher than the amount of newly-mined BTC on a rolling daily basis.

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