According to Matt Hougan, year-to-date Bitcoin data shows that new BTC supply stands at only 58,109 coins, while new demand from public companies has reached 161,203 BTC, ETFs have added 52,077 BTC, and governments have accumulated 14,006 BTC (source: Matt Hougan on Twitter, May 9, 2025). This results in a total new demand of 227,286 BTC, greatly outpacing new supply. For traders, this significant imbalance suggests persistent upward price pressure, heightened scarcity, and potential volatility, making BTC an attractive asset for momentum and breakout trading strategies.