Data: The demand for Bitcoin spot ETFs in December exceeded the monthly production of miners by about 272%
ChainCatcher reports, according to Cointelegraph, that the purchase volume of Bitcoin spot ETFs in December reached 51,500 BTC, while the monthly output of miners was only 13,850 BTC. The demand for Bitcoin spot ETFs exceeded supply by about 272%.
cryptocurrency researcher Vivek stated that a supply shock is imminent after observing that the balance on Bitcoin trading platforms has dropped to a new low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A long position in MON worth $6.5 million was fully liquidated.
ViaBTC donates approximately 3 million HKD to support Tai Po fire relief and community reconstruction in Hong Kong
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks