ChainCatcher message, the on-chain data analysis platform CryptoQuant's latest report shows that as of December 23, the number of Bitcoin accumulation addresses increased by 225,280 BTC this month, a month-on-month growth of 82.6%. During the same period, total seller liquidity (the number of Bitcoins available for sale in exchanges and ETFs) decreased by about 590,000 coins, with a sharp decline of 520,000 coins during the period from December 22 to 23.

Over-the-counter (OTC) supply decreased from 421,000 coins to 403,000 coins, and the liquidity inventory ratio dropped from 12 months to 5.5 months. Notably, whale addresses holding over 1,000 BTC reduced their holdings by nearly 8,600 BTC this month, but short-term holders have a total holding of 3.81 million coins, just 70,000 coins short of the historical peak.