Odaily Planet Daily News According to CryptoQuant data, the demand for Bitcoin accumulation addresses surged in December. As of December 23, these investors net accumulated 225,280 BTC, a monthly increase of 82.6%. On the other hand, total seller liquidity (the amount of Bitcoin available for sale on exchanges and ETFs) decreased by approximately 590,000 BTC during the same period. Notably, this decline in sell pressure is associated with a sharp contraction between December 22 and December 23, during which the available supply of Bitcoin dropped by 520,000 BTC. According to the report, the supply of over-the-counter (OTC) desks handling large transactions fell from over 421,000 BTC to 403,000 BTC, indicating that investor demand will continue to absorb sell pressure. Additionally, the liquidity inventory ratio (which measures the speed at which current supply meets investor demand) decreased from 12 months to 5.5 months in December. CryptoQuant data also shows that as of December 23, Bitcoin whale addresses holding over 1,000 BTC sold nearly 8,600 BTC this month. However, new investors are absorbing this supply, with the number of short-term holders increasing by 3% over the past week, accumulating 641,789 BTC in the past year, bringing their total holdings to 3.81 million BTC, just 70,000 BTC below the all-time high set on December 15.

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