Bitcoin institutional buys flip new supply for the first time in 6 weeks - Source: CoinTelegraph

Bitcoin institutional demand is finally outpacing new supply as the market hits a key pivot point.

Key points:

• -Bitcoin institutional demand is now 13% higher than the amount of newly mined BTC on a rolling daily basis.

• -New data shows institution-fueled supply reduction returning for the first time since early November.

• -ETF outflows pass $600 million in just two days this week.

Story continues: https://cointelegraph.com/news/bitcoin-institutional-buys-flip-new-supply-for-first-time-in-6-weeks