According to Charles Edwards of Capriole Investments, the Bitcoin market is experiencing severe supply-demand imbalance, with institutional purchases exceeding new supply by 500% to 600%. Public companies and ETFs currently hold over 10% of Bitcoin, absorbing more than 81,000 BTC in the past month alone, which is six times the miners' new supply. With daily demand at approximately 2,700 Bitcoin and post-halving mining output at only 450 BTC, this scarcity is forming a strong price floor. Historical analysis indicates that such conditions typically foreshadow an average price increase of 109%.

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