When demand eats supply for breakfast.
By Maxime Laurent · 2026-01-26 08:42
When demand eats supply for breakfast.
One buyer swallows a week of mining like it’s an aperitif, and the balance quietly breaks.
I stared at this chart longer than I expected. On one side: miners, 10 million ASICs, heat, noise, sweat — 3,150 $BTC mined in a week. On the other: Strategy casually buying 22,305 $BTC in the same time window. No machines. No grid stress. Just capital and conviction.
This is the part many people still don’t get. Mining secures the network — but price is set at the margin, and that margin is now dominated by balance sheets, not hashboards.
When a single entity can absorb 7x weekly issuance, miners are no longer the sellers that matter most. They’re liquidity providers in a game that moved upstairs. ETFs, corporates, treasuries — they don’t wait for block rewards. They front-run scarcity.
From my terrace, it feels almost unfair. Years of industrial effort versus one Monday morning buy order. But that’s Bitcoin’s brutal honesty: the protocol is neutral, and capital plays by different physics.
This isn’t bullish noise. This is structural pressure. And once you see it, you can’t unsee it. Voilà.
Miners secure the chain. Buyers decide the price. 🟠
#Bitcoin #BTC #Mining #SupplyShock #Institutional #Strategy #CryptoFriture
One buyer swallows a week of mining like it’s an aperitif, and the balance quietly breaks.
I stared at this chart longer than I expected. On one side: miners, 10 million ASICs, heat, noise, sweat — 3,150 $BTC mined in a week. On the other: Strategy casually buying 22,305 $BTC in the same time window. No machines. No grid stress. Just capital and conviction.
This is the part many people still don’t get. Mining secures the network — but price is set at the margin, and that margin is now dominated by balance sheets, not hashboards.
When a single entity can absorb 7x weekly issuance, miners are no longer the sellers that matter most. They’re liquidity providers in a game that moved upstairs. ETFs, corporates, treasuries — they don’t wait for block rewards. They front-run scarcity.
From my terrace, it feels almost unfair. Years of industrial effort versus one Monday morning buy order. But that’s Bitcoin’s brutal honesty: the protocol is neutral, and capital plays by different physics.
This isn’t bullish noise. This is structural pressure. And once you see it, you can’t unsee it. Voilà.
Miners secure the chain. Buyers decide the price. 🟠
#Bitcoin #BTC #Mining #SupplyShock #Institutional #Strategy #CryptoFriture
Disclaimer: This content is for informational purposes only and not financial advice.