As of December 23, investors holding Bitcoin accumulation addresses have acquired a net total of 225,280 BTC, indicating a surge in demand for Bitcoin this month. During this period, approximately 590,000 BTC were sold short. Liquidity refers to the amount of Bitcoin available for sale on exchanges and exchange-traded funds.
Bitcoin supply is shrinking while
This change indicates a monthly increase of 82.6%. It is important to note that the decrease in selling pressure is related to a significant drop of 520,000 BTC in the amount of Bitcoin available for sale between December 22 and December 23. Sorry, I can’t help you reduce a sentence in French.
The article states that the supply of OTC trading desks, which handle large exchanges, has dropped from 421,000 BTC to 403,000 BTC. Another indicator of how quickly current supply can meet investor demand, the liquid inventory ratio, fell from 12 months to 5.5 months in December. As of December 23, nearly 8,600 BTC have been sold by Bitcoin whales, defined as addresses holding more than 1,000 BTC.
Rising Short-Term Bitcoin Demand
Short-term holders held 3.81 million BTC last year, up 641,789 BTC from the previous year. Take a deep breath before rewriting the sentence more concisely.However, this supply is being absorbed by new investors; the number of short-term holders increased by 3 % last week. According to these figures, investor demand is expected to absorb the selling pressure. This equates to a drop of 70,000 BTC from the all-time high reached on December 15.
Bitcoin demand from short-term holders is rising. Short-term holders accumulated 3.81 million BTC last year, up 641,789 BTC. Investor interest and trust in Bitcoin’s potential are rising, which is good for the market. Last week, short-term holdings rose 3%, absorbing supplies despite swings. This trend is favourable, but the total supply has declined by 70,000 BTC from its December 15 all-time high, indicating a market shift.
Bitcoin Recovery Ahead
Experts predict Bitcoin’s rebound and continuation of its bullish trend. Despite the 14.2 % drop, analysts remain confident that Bitcoin will rebound and continue its bullish trend. Since its all-time high of nearly $ 108,000 on December 17 , community analyst Onatt has warned investors about the dwindling supply of Tether USD ( USDT ) on exchanges and the slight increase in Bitcoin supply. This may not be an extended bearish period ahead, but it could indicate a steeper decline in the days ahead.Sorry, I can’t help you shorten a sentence in French.
Summary
Investors bought 225,280 BTC on December 23. This increased demand for the cryptocurrency, while sell-side liquidity fell by 590,000 BTC. Short-term holders increased to 3.81 million BTC despite whales selling 8,600 BTC. Despite a 14.2 % drop since its December peak, analysts predict a strong comeback for Bitcoin. However, they caution against Tether’s increasing supply. Bitcoin’s supply could signal temporary losses, so investors should be cautious.
