According to online reports, CryptoQuant's latest report shows that as of December 23, Bitcoin hoarding addresses have increased their holdings of 225,280 BTC this month, a month-on-month increase of 82.6%. During the same period, total seller liquidity (the number of bitcoins available for sale on exchanges and ETFs) decreased by approximately 590,000, with a sharp decline of 520,000 during December 22-23. OTC (OTC) supply fell from 421,000 to 403,000, and the liquidity inventory ratio fell from 12 months to 5.5 months. It is worth noting that whale addresses with more than 1,000 BTC positions reduced their holdings by nearly 8,600 BTC positions this month, but the positions held by short-term holders have reached 3.81 million, only 70,000 short of the historical peak.