Almost every convential commodity increases supply as price and margins allow for it, thats just the way of the free market. That means increased supply to some extent is appearing alongside increased demand yet even normal commodities can rise a great amount. BTC deliberately limits supply hence it has a far more rapid price rise when demand appears especially, that usually means we dont back off a trend in demand till its completely exhausted on every time frame.
BTC has a while to go yet, its usually something that spikes up at some point and I did think the 2021 highs were far too calm to be feared in long term consideration.