#ChristmasMarketAnalysis
Bitcoin's selling liquidity, or the amount available for immediate trading, is at its lowest level since October 2020. Data from CryptoQuant shows that only 3.397 million BTC are available on exchanges, miners, OTC markets and GBTC, with a drop of 678,000 BTC in 2024 alone.
This reduction has important impacts: with fewer Bitcoins for sale, there is less selling pressure, reducing the risk of sudden price drops. In addition, the tighter supply in a scenario of growing demand can generate greater competition, driving up prices.
This movement reflects a HODL trend, in which investors hold their Bitcoins waiting for appreciation, strengthening a bullish outlook in the long term. A scarcer market tends to be more favorable for buyers who believe in the future appreciation of the asset.
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