CryptoCoinDeskabout 1 hour ago
Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts
1 min read
Newly minted bitcoin and ETF sell-offs create a $4.4 billion supply overhang. Bitcoin ETFs sold 71,600 BTC worth over $4 billion this month, the largest redemption on record. Corporate treasuries bought only 7,500 BTC. Strategy authorized up to $1.25 billion in potential bitcoin sales.
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