Even retail demand is now outpacing Bitcoin supply: Bitfinex
2025-07-15 01:05:45
Main Idea
New buyers in the Bitcoin market are price-agnostic, driving demand that outpaces supply, with smaller investors accumulating Bitcoin despite potential volatility.
Key Points
1. Bitfinex analysts report that new Bitcoin buyers are price-agnostic, with demand growing at approximately 19.3K BTC per month.
2. Smaller Bitcoin investor groups (Shrimp, Crab, Fish) are accumulating Bitcoin at a rate of around 13,400 BTC since the April 2024 halving.
3. Bitcoin reached a new all-time high of $122,884 before retracing to $119,860, with a 13.87% increase over the past 30 days.
4. Redstone co-founder Marcin Kazmierczak warns of potential volatility, noting that parabolic moves often lead to sharp corrections.
5. Nearly $430 million in Bitcoin shorts were liquidated as the price surged past $121,000, and the Crypto Fear & Greed Index showed a 'Greed' score of 74.
Description
Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.”
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