ChainCatcher news, citing data from Capriole Investments reported by Cointelegraph, states that institutional buying of Bitcoin has once again surpassed the new supply from miners for the first time in 6 weeks.

Data shows that the current daily buying power of institutions is approximately 13% higher than the quantity of newly mined Bitcoin. Over the past three days, institutional demand has consistently led to a net decrease in the circulating supply of Bitcoin.

Analysis indicates that this round of institutional replenishment occurred after the price of Bitcoin fell over 30% from its historical peak in October, suggesting that some institutions are accumulating positions again during this market pressure phase. Meanwhile, the cumulative net outflow of the US spot Bitcoin ETF has exceeded 600 million dollars in the first two days of this week, indicating a divergence between short-term capital outflow and long-term institutional allocation.