The recent surge in #Bitcoin price action has resulted in an initial breakout above all three cost-basis for the first time since the 2018/19 bear market and the March 2020 Covid crisis - source

Which entities are the source of this distributed #Bitcoin supply?

Primarily Whales (> 1k $BTC), Miners, and Exchange outflows.

In 2022:
🐳 Whales -60% of Issuance
⛏ Miners -2% of their accumulated balance (plus 100% of mined Issuance)
🏦 Exchange outflows -178% of Issuance - source