Institutional demand for Bitcoin has significantly increased, creating a notable disparity between ETF purchases and mining outputs in the segment.
Volume of Institutional Demand
From April 28 to May 2, institutional investors through exchange-traded funds (ETFs) acquired 18,644 BTC, which is six times higher than the mining output, which only provided 3,150 BTC.
Imbalance Between ETFs and Miners
This imbalance indicates a strong investor appetite in the spot market that already exceeds the capacity for creating new coins. Over the last five days, ETFs reported inflows of approximately $1.8 billion.
Future of Bitcoin and its Price
Given the current conditions, where demand exceeds supply, the price of Bitcoin may change significantly. At the beginning of May, BTC rose to $97,700 but soon retraced to around $94,000. Considering current trends, there are predictions that Bitcoin could reach $135,000 in the next 100 days.
The dynamics between the limited supply of Bitcoin and surging institutional demand will define its short-term outlook and actively shape the market.
