Bitcoin accumulator addresses gather 225,000 BTC in December despite notable selling pressure
A recent report from CryptoQuant revealed a significant increase in demand for Bitcoin (BTC) accumulator addresses in December. These investors acquired 225,280 BTC by Dec. 23. According to CryptoQuant, this represents an 82.6% monthly jump in acquisitions.
Conversely, total sell-side liquidity, which includes Bitcoin available for selling in exchanges and ETFs, decreased by about 590,000 BTC during the same period. Notably, the decline in selling pressure was particularly steep between Dec. 22 and 23, with 520,000 BTC less available for selling.
Demand Outpaces Selling Pressure
The report also noted a drop in supply on over-the-counter (OTC) trading desks, going from over 421,000 BTC to 403,000 BTC. These figures indicate that investor demand is likely to continue absorbing sell pressure.
Furthermore, the liquidity inventory ratio, indicating how quickly current supply can meet investors’ demand, decreased from 12 months to 5.5 months in December. Data from CryptoQuant also showed that addresses holding over 1,000 BTC sold nearly 8,600 BTC by Dec. 23.
New investors are offsetting this supply, as short-term holders increased by 3% in the last week. These holders have accumulated 641,789 BTC over the past year, totaling 3.81 million BTC—just 70,000 BTC below the all-time high reached on Dec. 15.
Possible Short-Term Downtrend
Despite a correction of up to 14.2% from its all-time high above $108,000 on Dec. 17, Bitcoin is expected to recover and continue its upward trend according to analysts.
However, analyst Onatt from the CryptoQuant community advised caution as there is a decrease in Tether USD (USDT) supply on exchanges alongside a slight increase in BTC supply. This could indicate a short-term downside in the near future.
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