https://x.com/BTC_Archive/status/1945171312248320035
> JUST IN: Retail investors are buying more Bitcoin than miners can produce.
>
> Shrimps, Crabs, and Fish are stacking 19,300 BTC/month while miners only release 13,400.
>
> This quiet supply crunch is fueling Bitcoin’s run to new ATHs
(picrelated to above)

https://farside.co.uk/btc/
> average daily inflow since Jan 10 2024 is ~$140,700,000 or 1199 BTC daily (35,970/month if it were all at the current price of ~$117.3K, which of course it hasn't been).

https://www.cnbc.com/2025/07/01/public-companies-bought-more-bitcoin-than-etfs-did-for-the-third-quarter-in-a-row.html
> Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. ETFs showed an 8% increase or about 111,000 BTC in the same period. (43,667/month)


35970 + 43667 + 19300 = 98937 BTC per month being accumulated

Mining output is approx 451 BTC/day * 30.5 = 13755/month

98937 / 13755 = 7.19 ratio

Price at this multiple if everything just holds steady until sellers are exhausted: 117,300 * 7.19 = $843,387

Reasonable steady-state: at least another 2X or 3X unless a black swan flies in and blows up the global economy like 2020

WAGMI

>>60635247 (OP)
Note, even if the "shrimps, crabs, and fish" buys are fully included inside the ETF numbers, that still means 35970+43667 => 79637 / 13755 => 5.79 * 117300 => $679167

>>60635247 (OP)
Reminder Saylor tried to sell MSFT on stsrting their own BTC reserve and they turned him down flat.

Gonna be funny as fuck when he buys them outright in a decade.

>>60635317
Why would he want to buy a dying legacy company?

>>60635247 (OP)
>>60635258
interesting

>>60635380
Thanks!

Just to add, this article
https://cointelegraph.com/news/bitcoin-price-correction-unlikely-strong-fundamentals-21shares-crypto-analyst
makes some similar points, but also points out that summer is usually a low-activity period without much in the way of gains, and also that we're unlikely to see a downtrend because of all the buyers.

> Bitcoin isn’t likely to enter a downtrend anytime soon, with strong fundamentals supporting its current trajectory, says a researcher at crypto product provider 21Shares.
>
> “What’s truly remarkable is that Bitcoin is setting new all-time highs during the most illiquid, seasonally weak part of the year,” Mena said.

WAGMI

>>60635247 (OP)
top signal

top signal
btc is soon under 99k again

>>60635247 (OP)
That’s a uterus

sell everything at 200K
buy back at 40K when company bitcoin treasuries finished unloading like the paper hands they are

>>60636370
>company bitcoin treasuries finished unloading like the paper hands
Saylor hodled from 69K down to 16K and now back up to 118K.

He even lost his position as CEO because of it, but because he's a major shareholder and has a BOD seat he was able to keep them hodling.

>>60635247 (OP)
Your own graph shows that anything what "shrimps, crabs and fishes" do is irrelevant to BTC price.

>>60637079
BTC at $119K says otherwise.