Institutional demand for Bitcoin (BTC) is finally outpacing new supply as the market reaches a major pivot point.

Key points:

• Institutional demand for Bitcoin is now 13% higher than the amount of newly mined Bitcoin on a rolling daily basis.

• New data shows the return of institutional-fueled supply cuts for the first time since early November.

• ETF outflows exceeded $600 million in just two days this week.

Institutions are returning to BTC purchases

New data from Bitcoin Quantitative Fund and digital asset fund Capriol Investments shows that institutions are buying more Bitcoin than miners are adding.

Bitcoin has become a target for institutions once again as price action seeks to bottom more than 30% below its all-time highs in October.

Capriol reveals that over the past three days, institutional buying has outpaced newly mined supply.

This is the first time that corporate demand alone has seen a net decrease in the supply of Bitcoin since the beginning of November.

This number remains modest compared to the peak of the bull market two months ago. Currently, institutions are buying 13% more than the daily mined supply.

As Capriole founder Charles Edwards noted earlier this month, the period between the highs of $126,000 and the recent lows of $80,500 was marked by significant pressure on market players, including companies choosing to create treasuries for Bitcoin companies.

Last month, there were no new treasury companies, but there was the first time treasury companies sold pic.twitter.com/swXVJ9PvzS

– Charles Edwards (@Capriolio) December 5, 2025

Attention has focused on Strategy, the company with the largest treasury of its kind in the world, which has continued to add to its Bitcoin holdings despite falling prices and stock performance.

Pointing to its AI-based analysis, Capriole’s Edwards this week highlighted the “broken corporate flywheel, evidenced by record reductions in net asset value among treasuries and rising leverage.”

The analysis added that although Bitcoin looks attractive when judged by network fundamentals, pressure from corporate treasuries may complicate the “path of least resistance” to price recovery.

Bitcoin ETF Outflows Meet ‘Strategic Accumulation’

Summing up the current situation on Wednesday, onchain analytics platform CryptoQuant described “a market in transition, where short-term pessimism contrasts with strategic accumulation.”

Related to: Bears control less than $90k? 5 things to know about Bitcoin this week

She noted that network fundamentals support market entry, even with capital outflows from investment vehicles such as exchange-traded funds (ETFs) in the United States.

“This divergence between institutional outflows and condemnation by major players underscores that Bitcoin is oscillating between immediate pressure and long-term bullish expectations,” contributor GugaOnChain concluded in a CryptoQuant “Quicktake” blog post.

Data from sources, including UK-based investment firm Farside Investors, estimated net outflows from ETFs since Monday at $635 million.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information contained in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.