Bitcoin accumulation addresses still accumulated a net 225,280 BTC in December despite facing significant selling pressure.

PANews reported on December 26 that according to Cryptoslate, according to CryptoQuant data, the demand for Bitcoin accumulation addresses increased significantly during December. As of December 23, these investors had a net increase of 225,280 BTC, a monthly increase of 82.6 %. At the same time, total sell-side liquidity (i.e. the amount of Bitcoin available for sale) on exchanges and ETFs fell by approximately 590,000 BTC. It is worth noting that this relief of selling pressure is closely related to the sharp decrease of 520,000 Bitcoins in the number of Bitcoins ready for sale between December 22 and 23. The report also pointed out that the supply of Bitcoins at OTC counters that handle large transactions has dropped from 421,000 to 403,000, showing that investor demand is effectively digesting the selling pressure. Additionally, the liquid-to-stock ratio fell to 5.5 months from 12 months in December, further evidence that current supply is meeting investor demand at an accelerated pace.

CryptoQuant data also revealed that as of December 23, “whale” addresses holding more than 1,000 BTC had sold nearly 8,600 BTC this month. However, this supply pressure was absorbed by new investors, with the number of short-term holders increasing by 3% in the past week. Over the past year, short-term holders have held a cumulative 641,789 BTC, with total holdings reaching 3.81 million BTC, only 70,000 BTC below the all-time high on December 15.

Although Bitcoin has corrected 14.2% since reaching a record high of $108,000 on December 17, it is still in line with analysts’ predictions that it will continue to rise after regaining calm. However, CryptoQuant community analyst Onatt reminded investors to remain cautious as USDT supply on exchanges is decreasing while Bitcoin supply has increased slightly. This trend may not signal a long-term bearish phase, but it does indicate the possibility of further downside risks in the coming days.