Bitcoin New Supply Issued¶
What It Measures¶
Bitcoin New Supply Issued shows how many new satoshis entered circulation through block subsidy over the observed day.
It answers a direct flow question:
How much new BTC did the protocol add to circulating supply today?
In simplified form:
The unit is satoshis per day.
This is the flow counterpart to Circulating Supply.
Circulating Supply is the stock.
New Supply Issued is the daily increment added to that stock.
Within this group, New Supply Issued in sats is the canonical issuance series. The USD version is derived from it by applying BTC price.
How To Use It¶
This metric is useful when the analytical focus is on daily monetary expansion in native units.
It helps answer questions such as:
- How much new BTC is entering the market each day?
- How large is the issuance flow relative to total supply?
- How does today’s issuance compare across halving eras?
This metric is especially useful next to:
- Circulating Supply
- New Supply Issued (USD)
- Annualized Inflation Rate
- Block Subsidy
The sats version isolates the protocol’s actual new-unit creation without mixing in market-price effects.
What It Can Say About Price And Market Regime¶
This is not a sentiment or cycle indicator. Its role is monetary.
Issuance pressure¶
Newly issued BTC is the part of supply that miners receive directly from the protocol. Over long periods, that flow matters because it represents fresh supply entering circulation.
Halving resets¶
The most important changes in this metric happen at halvings. After each halving, daily issuance drops sharply, and the ongoing flow of new BTC becomes smaller.
Why the sats version is canonical¶
The native-unit version is the true issuance series. It shows the monetary flow exactly as the protocol creates it. The USD version is economically useful, but it is a price-translated interpretation of this base series.
Historical Background¶
Bitcoin’s daily issuance flow follows directly from the block subsidy schedule set out in the original protocol. Because the subsidy declines at each halving, the daily issuance series provides one of the clearest direct views of Bitcoin’s programmed scarcity.