<h4>Quick Take</h4> <ul> <li><span style="font-weight: 400;">The outstanding supply of WBTC, which accounts for nearly 80% of the total tokenized bitcoin in circulation, has seen a 632% increase since May. </span></li> <li><span style="font-weight: 400;">High demand for the token paired with high interest rates for lending it out can be particularly appealing to speculators. </span></li> </ul>