Retail Demand Surges Past Bitcoin Supply as Buyers Ignore Price Tags
Bitfinex: Shrimp to Fish-Level Investors Absorbing Entire BTC Issuance Monthly
Bitcoin’s relentless rally may have found its strongest supporter: retail investors who are buying faster than miners can produce. According to a new report from Bitfinex, these smaller buyers—ranging from so-called “shrimps” to “fish”—are accumulating over 19,300 BTC per month, far outpacing the 13,400 BTC monthly issuance following the April 2024 halving.
Bitfinex analysts describe this cohort as “price-agnostic”—unbothered by volatility, unshaken by all-time highs, and determined to accumulate. This pattern, they argue, reinforces the bullish long-term narrative.
“This cohort-level accumulation trend supports the broader bullish narrative… new buyers entering the Bitcoin market are relentlessly accumulating with limited intervals,” the report stated.
Retail Demand Overtakes Supply for the First Time
The rise in retail buying—grouped by wallet size as Shrimps (<1 BTC), Crabs (1–10 BTC), and Fish (10–100 BTC)—is now absorbing more than 100% of new Bitcoin supply, Bitfinex analysts said Monday.
Bitcoin is up 13.87% over the past 30 days. Source: CoinMarketCap
At a combined 19.3K BTC in monthly accumulation, these segments are outpacing the 13.4K BTC monthly issuance rate, making them a critical pillar of market demand.
This aggressive accumulation occurs as Bitcoin notched a new all-time high of $122,884 on Monday before retracing to $119,860. Over the past 30 days, BTC has gained 13.87%, according to CoinMarketCap.
Still, some analysts urge caution.
Image Caption: Bitcoin is up 13.87% over the past month. Source: CoinMarketCap
$430M in Shorts Liquidated Amid Rising Optimism
As Bitcoin surged above $121,000, nearly $430 million in short positions were liquidated, according to CoinGlass. That liquidation event serves as a stark reminder of the asset’s volatility, even during a bullish run.
“History teaches us that parabolic moves often invite sharp corrections,” said Redstone co-founder Marcin Kazmierczak. He added that rising market sentiment “warrants careful position sizing.”
Greed Returns, but Warnings Linger
The Crypto Fear & Greed Index posted a Greed score of 74 on Monday—its fifth consecutive day in that zone. While this may signal confidence, past surges in optimism, such as those on June 11 and July 7, were followed by price declines, noted Santiment analyst Brian Quinlivan.
Source: Michael J. Kramer
Momentum Shows No Fatigue—Yet
Meanwhile, institutional observers remain bullish. QCP Capital commented that Bitcoin’s relentless rally “shows no signs of fatigue”, citing a momentum-driven move past $122,000.
Whether the current rally continues or falters may depend on how long these price-agnostic buyers keep absorbing supply—and how much longer the broader market can manage its optimism.
Rhapsody of Realities is a life guide that brings you a fresh perspective from God’s Word every day. It features the day’s topic, a theme scripture, the day’s message, the daily confession and the Bible reading plan segment. It is God's Love Letter to You!
