Data: Retail investors and institutions have bought more Bitcoin than miners have produced

On August 11th, Cured Crypt published an analysis stating that the Bitcoin purchase volume of small and medium-sized wallet holders has exceeded the current output level of miners. At the same time, the cumulative amount of bitcoin of large wallet holders such as institutions and enterprises has continued to significantly exceed the mining output of miners in the past two years. This data indicates that the demand for Bitcoin from retail and institutional investors is constantly increasing, further exacerbating the scarcity of on chain Bitcoin.