2026-01-17 10:29:27

In the Bitcoin market over the past few years, the supply relationship between institutions and miners has been undergoing profound changes. The latest data shows that the amount of new coins purchased by institutions has reached six times the output of miners — a figure that is far from being so exaggerated before 2024.

This shift is driven by two key factors. The first is the continuous influx of funds attracted by investment products such as ETFs, and the second is the mainstream adoption of long-term holding strategies by institutions. The combined effect of these factors makes the circulating supply of Bitcoin increasingly scarce. Historical experience indicates that a demand far exceeding supply often signals a price increase.

On a macro level, the global M2 money supply continues to grow, and liquidity remains ample. In this environment, limited Bitcoin naturally becomes a safe-haven option for capital. Short-term volatility will not change this overall trend; as long as institutional funds continue to flow in, Bitcoin may gradually approach a price level near $96,000.

BTC-1,33%

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Degen4Breakfast

· 01-19 21:32

Institutional 6x miner output? Damn, those numbers are a bit scary. The supply has been so tight that it should have risen already, but I really didn't expect it to be this outrageous. That wave of ETFs definitely changed the game; now it's all big institutions hoarding. But is 96,000 real? Feels like they're just storytelling again. I've heard the term "historical experience" too many times, and every time it ends in a crash. Liquidity is a bunch of nonsense; a single interest rate decision can cause a sharp drop. Wait, is this logic reversed? Scarcity actually makes retail investors less able to buy. Miners should have already shifted to other cryptocurrencies; the BTC trend is too one-sided. Long-term institutional holding? What about us retail investors? Are we just the bagholders? 96,000 definitely can't be broken; there will surely be a shakeout in the middle. By the way, the true safe-haven asset should be gold, right? BTC is still too unstable.

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MEVvictim

· 01-19 02:55

6x? If this data is true, miners must be freaking out haha Institutions are really疯狂吸筹,感觉ETF就是比特币的吸血鬼 96,000? I'll just watch quietly, anyway holding is the way to go Liquidity is so abundant, Bitcoin's scarcity is directly maximized, this logic makes sense But can short-term fluctuations really not change the trend? I need to think about it Institutions are bottom fishing, we follow the trend, always the same old routine 99% of people are still hesitating at 96,000, really Scarcity of supply = price increase, even high school math understands this, but why do some people still not believe? Miners are being crushed so badly, mining profits are really squeezed tight Long-term holding has become the trend, retail investors' chips have all gone into institutional pockets

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MidnightTrader

· 01-18 06:58

Six times the buying volume, that's why it's becoming increasingly difficult for me to buy coins at low levels... Institutions are really playing big, accumulating while releasing data. I just want to know whether 96,000 is the bottom or the top. The theory of scarcity sounds good, but we'll see if it really follows the script later... There's a bit of gambling involved. I benefited from this round of ETF entry, but I'm worried that one day institutions might all run away. What about retail investors? By the way, is supply really that tight? It feels like there are still quite a few coins in circulation. Short-term fluctuations don't need to be watched; just hold for the long term. Anyway, I don't lack this time.

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BloodInStreets

· 01-17 10:59

Institutions buy miners 6 times? That's just riding the wave, don't keep saying that scarcity of supply will lead to price increases. --- 96,000? Haha, another theory about cutting losses. The real blood sacrifices are still holding at the bottom. --- Liquidity abundance can save the market? That's naive. An increase in M2 doesn't mean money has to flow into the crypto space. --- Long-term holding is mainstream? Still trapped and helpless, this sounds like an indirect admission of failed bottom-fishing. --- Wait, are institutions really building positions wildly or are they creating consensus to dump? No one talks about this angle. --- Demand exceeding supply leads to price increases? Historical experience also shows the opposite sometimes. Don't always bluff with textbooks. --- Short-term volatility doesn't change the trend; in the long run, everything is dead. I've heard this argument too many times. --- If ETF entry is so optimistic, why emphasize "as long as funds keep flowing in"? That's a sign of lack of confidence.

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DegenDreamer

· 01-17 10:48

Institutional accumulation of coins 6 times the miner output? This scarcity really can't be sustained anymore

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LiquidityWitch

· 01-17 10:37

This 6x gap is too exaggerated. Are institutions just stockpiling or do they really believe in Bitcoin? Institutions are playing with financial leverage, and I'm worried about wallets. Two different worlds. 96,000? Let's not boast yet; we need to see how the Federal Reserve plays it. Once ETFs appeared, the market changed its flavor. It feels like a game for big money. I've heard the scarcity theory too many times, but in the end, it still depends on market sentiment. I'm missing out on institutions hoarding coins; it's a typical retail investor's fate. How is the figure of 96,000 calculated? It feels a bit arbitrary. Reducing supply ≠ prices must rise; this logic has flaws. An increase in M2 means institutions are hoarding coins. Honestly, it's still inflation expectations at work. This long-term holding strategy by institutions is a trap for retail investors.

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OnChainArchaeologist

· 01-17 10:36

A 6x gap is just too incredible; institutions are really疯狂囤币 Miners can't sell as fast as institutions buy, this logic indeed holds Honestly, now it's just about who has more coins; retail investors should wake up 96,000 is not a dream; it depends on whether institutions are truly committed to pushing That wave of ETF entry indeed changed the game rules, something we never even considered before Tight supply = prices go up, even elementary school math understands that High liquidity and Bitcoin scarcity, these two together are indeed rocket fuel

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New_Ser_Ngmi

· 01-17 10:35

A sixfold gap—that's true scarcity. Miners should have stopped long ago. Institutions are really accumulating this wave. No matter how short-term prices fall, long-term it's just bottom fishing. 96,000? That's conservative. If M2 keeps printing like this, it will break through 100,000.

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