The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.Analysts at Bitfinex estimate that the new BTC supply added to the market could drop to $30 million per day, amounting to less than five times the average daily inflows into the spot-based ETFs.Investor are increasingly taking direct custody of their coins, Bitfinex added.Bitcoin's (BTC) recent mining reward halving has altered the market in such a way that it could potentially lead to cryptocurrency's demand being five times greater than that of supply, according to the latest projection by analysts at the crypto exchange Bitfinex.On Saturday, the per-block reward paid to miners was cut in half to 3.125 BTC from 6.25 BTC. Per Bitfinex, the halving of rewards means the notional value of the total number of new coins added to the supply daily could drop to $30 million. That's a significant decrease, equating to five times less than the average daily demand for the U.S. spot ETFs.
