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![narrenschiffe2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1403909954143023107.png) Ray [@narrenschiffe2](/creator/twitter/narrenschiffe2) on x XXX followers
Created: 2025-07-23 06:36:35 UTC

Great analysis to grasp the scale of $ETH supply and demand dynamics.

$BTC since Jan 2024:
ETF + institutional buys: 1.5M BTC
Mined supply: 300K BTC
5x demand vs supply → price +155%

$ETH until May 2025:
Network issuance: 543K ETH
Demand ≈ supply → price lagged

Since mid-May 2025
ETF + ETH Treasury Corps (ETCs): 2.83M ETH
New issuance: ~88K ETH
32x demand vs supply
→Price + XX% in X month

Next XX months (forecast):
Expected demand: 5.33M ETH (~$20B)
Expected new issuance: 800K ETH
7x demand vs supply → Price : Buckle Up!


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947908683209331057/c:line.svg)

**Related Topics**
[btc eth](/topic/btc-eth)
[eths](/topic/eths)
[fund manager](/topic/fund-manager)
[jan](/topic/jan)
[$btc](/topic/$btc)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/narrenschiffe2/status/1947908683209331057)