CryptoQuant's latest report reveals the dynamic changes in the Bitcoin market! As of December 23, Bitcoin accumulation addresses have net increased by 225,280 BTC this month, a month-on-month growth of 82.6%. Meanwhile, the selling liquidity in the market has significantly decreased, with a total drop of about 590,000 BTC, of which 520,000 BTC was sharply reduced during the period from December 22 to 23, indicating a significant change in the market supply-demand relationship.

The over-the-counter (OTC) supply has also decreased, from 421,000 BTC to 403,000 BTC, and the liquidity inventory ratio has dropped from 12 months to 5.5 months. Notably, whale addresses holding over 1,000 BTC have reduced their holdings by nearly 8,600 BTC this month, while short-term holders' positions have reached 3.81 million BTC, just 70,000 BTC shy of the historical peak. These data indicate that the strategies of market participants are changing and deserve continued attention.