Bitcoin accumulators boosted purchases by 82.6% in December. Exchange supply decreased as new investors entered the market.
According to CryptoQuant, Bitcoin (BTC) accumulators increased their net purchases by 82.6% in December, acquiring 225,280 units. Meanwhile, the available Bitcoin for sale on exchanges and Exchange-Traded Funds (ETFs) decreased by approximately 590,000 units. Additionally, the cash balance ratio measuring the speed of investor capital supply decreased from 12 months to 5.5 months. Despite whales selling about 8,600 units this month, new investors with a 3% increase in short-term holders have absorbed this supply.
