CryptoQuant's latest report shows that as of December 23, Bitcoin accumulation addresses have net increased by 225,280 BTC this month, a month-on-month growth of 82.6%. During the same period, total seller liquidity (the amount of Bitcoin available for sale on exchanges and ETFs) decreased by approximately 590,000 BTC, with a sharp drop of 520,000 BTC between December 22-23. Over-the-counter (OTC) supply fell from 421,000 BTC to 403,000 BTC, 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 reached 3.81 million BTC, just 70,000 BTC shy of the historical peak.