Bitfinex: Retail demand has surpassed Bitcoin supply

According to a report by Golden Finance, Bitfinex stated that new buyers entering the Bitcoin market are considered "price insensitive" investors who are hoarding Bitcoin at a rate that exceeds the supply rate of miners, which may be favorable for future Bitcoin prices. Bitfinex analysts stated in Monday's market report that "currently, the combined balance of these groups (new buyers) is growing at a rate of approximately 19300 bitcoins per month Analysts emphasize that the group of Bitcoin holders holding less than 1 ("shrimp"), 1 to 10 ("crab"), and 10 to 100 ("fish") are increasing their Bitcoin investment portfolio at a much faster rate than the current monthly issuance. Since the halving in April 2024, the monthly issuance of Bitcoin has remained at around 13400 coins. Analysts say, "Just this part of the demand is enough to absorb all the new supply." They add that these investors continue to buy regardless of the price: "This group level accumulation trend supports a broader bullish narrative that new buyers entering the Bitcoin market are price insensitive buyers who are tirelessly accumulating Bitcoin with almost no interruption