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BTC Demand Is Eating Supply Inventory
The balance of BTC accumulator addresses, which refer to investors who buy BTC and have never sold any, is expanding monthly at a record-high rate of 495,000 BTC.
Bitcoin demand growth has led to inventory levels at OTC desks declining by the largest monthly volume in 2024 for the first time since April 25. Bitcoin OTC desks’ monthly inventory has fallen by -26,000 BTC this year, with an additional 40,000 BTC decline in tier balance since November 20.