Bitcoin Demand: Investors Buying BTC At 5.5x The Rate Of Miner Production

Bitcoin Demand: Investors Buying BTC At 5.5x The Rate Of Miner Production


On-chain data shows that Bitcoin investors have recently been scooping up supply equal to 5.5 times what the miners have produced.

Bitcoin Investor Cohorts Have Been Busy Accumulating Recently

In a post on X, analyst James Van Straten discussed the accumulation that Bitcoin investor cohorts have been participating in and how it compares with the recent spot exchange-traded fund (ETF) inflows.

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The investor cohorts here refer to groups of holders divided based on the amount of cryptocurrency they hold. In the context of the current topic, not any particular group is of interest, but all of them collectively are.

Below is the chart shared by Straten, which shows how the net flows into the wallets of BTC investors have looked recently.

The value of

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