Data: Institutional Bitcoin purchases fall below mining supply for the first time in seven months

According to BeInCrypto, the net purchases of Bitcoin by institutional investors have fallen below the daily mining issuance for the first time in seven months. Charles Edwards, head of the crypto investment firm Capriole Investments, pointed out that DAT purchases have significantly decreased since August 14; demand for spot ETFs also sharply declined after the market crash on October 10.

Currently, the total net purchases by institutions have fallen below the daily supply of newly mined Bitcoin.

Edwards stated: There are currently 188 DATs holding large positions but lacking a business model, and the interest from institutional buyers has significantly waned.