ME News Message, December 17 (UTC+8), according to Cointelegraph citing data from Capriole Investments, institutional buying of Bitcoin has once again exceeded the new supply from miners for the first time in 6 weeks. Data shows that the current daily buying power of institutions is about 13% higher than the amount of newly mined Bitcoin, and over the past three days, institutional demand has continuously resulted in a net decrease in the circulating supply of Bitcoin. Analysis points out that this round of institutional replenishment occurred after Bitcoin's price fell over 30% from its historical high in October, indicating that some institutions are accumulating chips again during a market pressure phase. Meanwhile, the cumulative net outflow from the U.S. spot Bitcoin ETF in the first two days of this week has exceeded $600 million, showing a divergence between short-term capital outflows and long-term institutional allocations. (Source: ME)

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