CryptoQuant's latest report shows that as of December 23, Bitcoin accumulation addresses have net increased by 225,280 this month, a month-over-month growth of 82.6%. During the same period, total seller liquidity (the number of Bitcoins available for sale in spot exchanges and ETFs) decreased by approximately 590,000, with a sharp decline of 520,000 between December 22-23. Over-the-counter (OTC) supply dropped from 421,000 to 403,000, and the liquidity inventory ratio fell from 12 months to 5.5 months.

It is noteworthy that whale addresses holding over 1,000 Bitcoins have reduced their holdings by nearly 8,600 this month, but short-term holders now hold 3.81 million Bitcoins, only 70,000 short of the historical peak.

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