In December 2024, Bitcoin ETFs in the US accumulated nearly three times the amount of Bitcoin mined, totaling approximately 51,500 BTC. Mining output only reached 14,000 BTC within the same period, causing the demand from ETFs to surpass the available supply by 272%. This surge emphasizes the critical shifts occurring in the crypto market.

Bitcoin experienced a peak price of 108,135 USD on December 17, 2024. Jesse Myers, co-founder of Onramp Bitcoin, stressed the importance of equilibrium between supply and demand, especially following significant political events. This scenario clears a path for potential disruptions if the prevailing mismatched dynamics continue unchecked.