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Glassnode: accumulation of BTC outpaces issuance of new coins by 2.4 times

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Pretty good read from Glassnode :

https://insights.glassnode.com/the-week-onchain-week-46-2023/

According to them, all entities holding less than 100 BTC, Shrimp (< 1BTC), Crabs (1 to 10BTC) and Fish (10 to 100BTC) have exceeded new issuance since Feb 2022, being the longest and most sustained period in history. The rates of accumulation by investors ranges from between 1.1x through to almost 2.5x new issuance.

Illiquid Supply is currently increasing at a rate of 180k BTC/quarter, which is 2.2x more than issuance.

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