Retail Buyers Now Taking More Bitcoin Than Miners Produce, Says Bitfinex

Highlights:

• Small Bitcoin holders steadily accumulate, absorbing all newly mined coins post-halving.
• Monthly buying rate hits 19,300 BTC, outpacing miner issuance of 13,400 BTC.
• Bitcoin hits $122,884 as market sentiment remains in “Greed” for the fifth straight day.

New investors entering the Bitcoin market appear to be largely unaffected by short-term price movements and steadily accumulating BTC This consistent buying pressure is viewed as a strong bullish signal for Bitcoin’s future price growth. In a market update released on Monday, Bitfinex analysts reported that these buyer groups are currently increasing their total Bitcoin holdings by roughly 19,300 BTC per month. This accumulation rate is now higher than the amount of new Bitcoin being produced by miners following the recent halving event.

Analysts noted that small Bitcoin holders—called Shrimp (under 1 BTC), Crab (1–10 BTC), and Fish (10–100 BTC)—are increasing their holdings quickly. Their buying pace is much faster than the current supply rate. Since the April 2024 halving, Bitcoin’s monthly issuance has stayed around 13,400 BTC. They pointed out that this group’s demand alone is enough to absorb all newly mined coins. These investors seem to keep buying regularly, regardless of price changes.

The report called this imbalance “critical structural support” as it lowers available supply and tightens the market. This is happening even before large institutional investors step in. ETF activity made the pressure stronger. On July 10 and 11, spot ETFs recorded two straight days with over $1 billion in new investments. On July 10 alone, about 10,000 BTC were added through ETFs, while miners only produced 450 BTC. Since July 8, total inflows have reached $2.72 billion. This pushed the total assets under management for the 11 U.S. Bitcoin ETFs past $140 billion.

Bitcoin Hits $122K While Market Greed Grows

Bitcoin’s strong buying trend continues as the cryptocurrency sets fresh record highs. On Monday, it climbed to a new peak of $122,884 before pulling back slightly to $119,898, based on data from CoinMarketCap. The Crypto Fear & Greed Index recorded a score of 74 on Monday. This marked the fifth day in a row the market remained in the “Greed” zone, showing strong positive sentiment.

Bitcoin’s latest rally has driven its market value to $2.4 trillion, pushing it ahead of Amazon and placing it among the top five most valuable global assets. Still, compared to major asset classes like gold, real estate, stocks, and bonds, Bitcoin remains relatively small. James Lavish, co-founder of the Bitcoin Opportunity Fund, pointed this out during comments on Monday, highlighting the gap in scale despite Bitcoin’s rapid rise.

Good morning.

To all the people worrying that the 'game is over', claiming that Bitcoin is now 'fully priced', insisting that 'it can't go much higher from here', I present the global investable asset universe (aka 'addressable market' for Bitcoin), courtesy of @Croesus_BTC.… pic.twitter.com/tmQcZY8val

— James Lavish (@jameslavish) July 14, 2025

BTC Could Hit $135K as Crypto Stocks and Altcoins Gain Momentum

After Bitcoin’s new all-time high on Monday, experts are sharing fresh price targets. Katie Stockton from Fairlead Strategies told CNBC that the recent breakout ended almost two months of slow movement. She said their price models suggest $135,000 is a possible goal if the upward trend continues. Stockton noted that Bitcoin-related stocks, like Coinbase and Strategy, are also expected to do well. She added that the overall crypto market is showing strength, mentioning positive moves in Ether and XRP as examples.